…says Gajanan Gandhe, Senior VP of Asia Operations, IAC
Last year, IAC opened in global engineering center in Pune. And now the new plant at Manesar. What is the significance of these investments?
There is an ever increasing trend not just among Indian OEMs but also global OEMs to do complete design and engineering of their new models in India in all the areas possible to reduce the development time as well as the cost of new product development. As a result, IAC India, which considers its Indian design and engineering center in Baner (Pune) as a strong competitive advantage, is significantly in demand because of its decade of experience in developing partial or total interiors for many of the vehicles plying on the Indian roads today. The engineering center also caters to IAC's global requirements for design and engineering and has over 150 engineers working there.
As for the Manesar facility, IAC has invested in multiple technologies that will cater to the ever increasing demand from MSIL (Maruti Suzuki India Limited) and VW (Volkswagen) as well as other OEMs located in the region. IAC supplies overhead systems including headliners, flooring and acoustics and injection molded components for the instrument panel and floor consoles.
Are more investments in the pipeline for India?
Yes definitely. IAC India is in the process of completing the set-up of another greenfield facility in Nashik for its customers Mahindra and VECV (VE Commercial Vehicles Ltd). We will divulge more details as we announce its grand opening soon.