Better late than never. From Raunak Varma’s point of view, the fact that CNH Industrial is finally beginning to appreciate what India has to offer in the tractor space is by itself a good reason to be optimistic about the road ahead.
As Managing Director & Country Head, CNH Industrial India & SAARC, Varma and his team have been working relentlessly over the last four years to put a strong base in place for the tractor business that has been sold for years under the New Holland brand.
He admits that its presence is little to write home about especially with bigger rivals like Mahindra & Mahindra, TAFE and Escorts but all that is hopefully a thing of the past with a firmer intent to put things back on track now. The CNH of today, which includes the Case construction equipment brand, is now keen on giving a fillip to the India business.
“We are late in the game but can leapfrog at CNH. When we are setting things up like the tech centre in Noida, it reflects a recognition of the strategic importance of India for the group and creating more value,” says Varma.
Eventually, it boils down to bringing “at par or even better competencies” along with better value. “We can produce, invest and develop products at cheaper costs for customers and at a better value,” he adds. By the end of this year or early 2023, CNH will be able to cover all of its R&D needs out of India and become more agile in the process.
Sure, there are still some components and certain validation where “I still have to go to Italy or the US” but all that will stop once India takes over completely. Quality issues can also be dealt with here and with CNH’s strong presence worldwide, it helps improve India’s prospects of developing equipment for overseas markets.
هذه القصة مأخوذة من طبعة 15th May 2022 من Autocar Professional.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة 15th May 2022 من Autocar Professional.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Spain's Fersa Group invests in India-based Delux Bearings
Besides theRs100 croreinvestment, the Indian company gets access toadvanced technologies and bearings with arange of applications that willhelpinits global growth strategy, writes Manobhava Baruah.
Tata Autocomp to open compact dual-clutch transmission plant
Amidthe country’s growing need for personal mobility with easy manoeuvrability, comes the demand for vehicles with automatic transmission. Tata AutoCompisready tomovein writes Shruti Mishra.
Pankaj Munjal-backed Hero Motors raises equity from GEF Cap
The company willinvest Rs1,500 crore over thenextthree years andit expects 60 percent ofits turnover to come fromelectric vehicle parts. Itaims to becomea Global EV Solutions Company from India
New age thermoplastics for next-generation EV batteries
Saudi-based global materials major SABIChas developed cutting edgein fire-resistant polymers and flame-retardant materials that comply with various EV battery safety standards across the world.
Switch Mobility to meet growing e-bus demand with fresh capex
Oncourse for abillion-dollar business, the company is exploringa possibility of operating satellite factories across the country to serve different geographies, write ShahkarAbidi and Ketan Thakkar.
Kia India to invest Rs 2,000 crore in EVS, to introduce new e-RV in 2025
New investmentto drive R&D, infrastructure development and manufacturing capabilities. The company willlocally produce EVsin India with possibility of exports as well, writes Mayank Dhingra.
"The government has given enough time for indigenisation but the industry has not taken it seriously"
Amitabh Saran, Founder and CEO, Altigreen, shares his views on problems inthe EV industry and battery localisation solutions with Amit Vijay M.
TATA MOTORS SEES ONE INTWO CARS SOLDAS EVS BY 2030
The company aims to offer wider choices withnew EVs that may straddle a pricebracket of Rs20to 40lakhinthe coming years, writes Ketan Thakkar.
MG Motor India in expansion drive, to invest $100 million
The investment willbe usedtoramp up existing production capacity from1.2to1.4-15lakh units per annum atthe automaker's Halol plantin Gujarat, writes Ketan Thakkar.
"Technology and its multiplier effect are driving business transformations and customer experiences"
Technical Centre India is one of Continental’s largest research and development centres in the world, andasa Centre of Competence’ it also develops customised products for the BRIC countries.