Over the past six months, there has been a flurry of global automotive players expanding their research and development R&D) operations, particularly those in the software, engineering, and electronics domains, in the country. Many of these leading automotive MNCs have unanimously chosen the capital of Karnataka, Bengaluru, also referred to as the Silicon Valley of India, for setting up their global technical hubs.
Besides cost efficiency, the key reason behind India coming to the fore as an emerging destination for developmental work in these domains is the bevy of talent and a large pool of highly-skilled software and electronics engineers the country has to offer to enable the automotive industry's transition towards electrification.
According to KS Viswanathan, Vice President, Industry Initiatives, NASSCOM, India is home to 5.1 million engineers working in the technology space and of this, one million are in the engineering research and development ER&D) ecosystem. Approximately 6,00,000 people are working in the software, embedded systems, and electronics domain, and the demand for this skillset is growing at a rate of 33 percent every year.”
“The global automotive industry is projected to demand 1,50,000 software engineers in the near future and India offers huge potential to supply qualitative engineers in scale”’
From US-equity-giant KKR-backed Marelli to the Swedish Volvo Group, and more recently Magna International and BorgWarner, India is emerging as the new automotive technology hub of the world, and attracting foreign investments to develop a thriving local ecosystem of innovation and future-relevant ideas.
Denne historien er fra 15th January 2023-utgaven av Autocar Professional.
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Denne historien er fra 15th January 2023-utgaven av Autocar Professional.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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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.
