International Automotive Components (IAC) opens a state-of-the-art plant in Manesar to enhance its manufacturing and engineering capabilities in India.
Luxembourg-based International Automotive Components (IAC), a leading global supplier of automotive components and lightweight vehicle solutions, is banking on rise in demand for luxurious interiors to boost growth in India. "IAC India will continue to focus on being a full service supplier (FSS) whereby it can provide its strong technical design and engineering capabilities to the OEMs in developing new products and bringing them faster to the market, first time right. Coupled with a slew of IAC's global products and technology, IAC India is also strongly focussed on being a high quality and operationally efficient company. The demand for our products continues to be strong especially as more and more customers demand luxurious interiors with high quality and multiple technology capabilities," said Gajanan Gandhe, Senior Vice President of Asia Operations, IAC, exclusively to APF's Rakesh Rao, as the company opened its state-of-the-art plant in Manesar last month.
The new Manesar plant, which consolidates two older operations in near proximity into one manufacturing location, will enhance IAC's manufacturing and engineering capabilities in India. The company invested more than $ 2 million in the modernisation of the equipment and facility, which will employ approximately 220 people. It will produce vehicle headliners, center console systems, and instrument panel components and provide expanded manufacturing and engineering support to domestic and global original equipment manufacturer (OEM) customers in the New Delhi automotive region.
“IAC is committed to investing in India and creating a meaningful presence near its major automotive centers. Our new facility in Manesar will help us better serve current customers’ needs and offer regional advanced manufacturing and engineering capabilities for next-generation vehicle interiors,” said Gandhe.
This is the second location opened by IAC in India in the past 13 months. In June 2017, a regional and global engineering center was established in Pune to focus on application development engineering to support the vehicle interior needs of domestic and global OEM customer programs.
“There are more investments in the pipeline for India”,
…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.