R&D IS THE PILLAR ON WHICH MANUFACTURING STANDS. A COMPANY WITH A STRONG FOCUS ON R&D AND INNOVATIVE PRODUCTS WILL FACE A LOWER ATTRITION RATE.
EVERYONE TALKS ABOUT MANUFACTURING innovations and novelty. Companies want new products to be introduced regularly in the market. They want flexibility in manufacturing and this is something that has never been as important as it is today. Moreover, with customers demanding new and advanced products, manufacturing companies are compelled to go back to the drawing board and come up with innovations. And innovations come from a strong research & development.
Ideally, a diligent company will invest about 3-5% of its turnover on R&D and design. Those who do so and come up with remarkable products will be at an advantage. The ability to design, develop, manufacture and support bespoke products puts companies in a different league altogether. It is always better that companies have their own R&D wing so that in the long run it gives a price competitive advantage.
Raghav Gulur, MD, ZF India Technology Centre (ITC), says, “We have strong technical expertise and depth in developing and producing systems and components for passenger cars and commercial vehicles. R&D is fundamental to us. As one of the largest automotive suppliers worldwide, we invest about 6% of sales turnover in R&D, thus ensuring continued success through the design and engineering of innovative technologies. The ZF India Technology Centre (ITC) inaugurated last year focuses 80% on software and 20% on mechanical engineering activities and plays a pivotal role in the development of vehicle technology. ZF India’s R&D team will soon advance to a position where they will support the R&D teams across the globe to jointly develop futuristic technologies that will define the automotive landscape of tomorrow.”
Esta historia es de la edición April 2018 de Manufacturing Today.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición April 2018 de Manufacturing Today.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
Multiphysics modelling in manufacturing
Multiphysics modelling is transforming manufacturing processes by improving precision and efficiency, as highlighted in the recent Manufacturing Today webinar, 'Multiphysics Modeling of Manufacturing Processes Using COMSOL\".
Revolutionising the automotive industry: Embracing 14.0 with AI & IOT
Advanced robotics is expected to handle 75% of production tasks by 2025, and AI-powered systems are improving quality control and reducing human intervention.
Adopting green chemistry
Adopting green chemistry is key for Indian manufacturers to drive sustainability and enhance their competitive edge.
A cleaner future for coolants
From extending equipment life to minimising environmental impact, the latest innovations in coolants and lubricants are redefining their role, transforming manufacturing in both operational and sustainable ways.
Forging growth and innovation
Kirloskar Ferrous Industries (KFIL) is driving growth in alloy steel and casting by advancing India's foundry and manufacturing capabilities, aiming to reach $2 billion by 2030. Sujatha Vishnuraj, Editor, Manufacturing Today in conversation with Ravindranath Gumaste, MD, KFIL, to know more about the company's commitment to sustainability and growth.
From Locksto Liftoff
A journey that began with a modest lock manufacturing unit has now evolved into one of India's premier multinational conglomerates.
Top 10 digital transformation strategies for manufacturing
In today's rapidly changing industrial landscape, digital transformation is critical for manufacturing companies aiming to increase efficiency, remain competitive, and enhance customer satisfaction.
Analytics in action
Advances in IoT and automation are transforming the testing, measurement and instrumentation industry, resulting in operational efficiency, data accuracy, and sustainability practices.
ITL-CFC 50: Revolutionising metalworking with high-precision cutting, facing, and chamfering
The ITL-CFC 50 Cutting Facing Chamfering Machine stands out as a highly efficient solution for metalworking industries, offering cutting-edge technology for precision operations.
MRF opens new Tyredrome service centre in Mumbai
The Tyredrome of MRF is manned and run by engineers and technicians trained at MRF.