With AI at the wheel, Hyundai's TN unit shifts gear
Business Standard|March 25, 2024
Located approximately 40 kilometres southwest of Chennai, the capital city of Tamil Nadu, Sriperumbudur boasts a harmonious blend of rural charm, industrial vibrancy, and metropolitan influence.
SHINE JACOB
With AI at the wheel, Hyundai's TN unit shifts gear

The area houses manufacturing facilities of major companies such as iPhone maker Foxconn, Samsung, Royal Enfield, Dell, Mitsubishi, and Nissan, among others.

In this zone, Hyundai Motor India is in the process of converting its global passenger vehicle production hub into an advanced manufacturing unit, integrating artificial intelligence (AI), machine learning (ML), and virtual reality (VR) technologies.

Based on internal estimates, the adoption of Industry 4.0, Industrial Internet of Things (IIOT), and AI in the unit resulted in bringing down the maintenance time by 5 per cent, complete quality traceability of critical parts, and improvement of process quality by 1 per cent.

The plant, one of the first units by any industrial player in Sriperumbudur, is set to see an investment of ₹26,000 crore as it enters the 26th year of its operation.

It is from here that models like the Grand i10 Nios, i20, Aura, Exter, Venue, Verna, Creta, Alcazar, Tucson, Kona, and Ioniq are built.

Technology makeover

'Smart employees power the smart factory!'

This tagline on a poster inside the plant serves as an invitation to explore the plant's interior, offering a glimpse into the ongoing technological revolution.

"We are ushering in automation across areas traditionally deemed dirty, dull, difficult, and dangerous," remarks Gopala Krishnan CS, chief manufacturing officer at Hyundai Motor India.

According to Krishnan, the unit's technology makeover began in 2019 with the integration of seven shops, connecting over 2,000 critical equipment and over 1,000 intelligent sensors on the shop floor. This initiative led to a significant improvement in downtime management. Moreover, data from these smart sensors can predict abnormalities in rotating and other critical equipment, resulting in a 5 per cent reduction in maintenance downtime.

This story is from the March 25, 2024 edition of Business Standard.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the March 25, 2024 edition of Business Standard.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM BUSINESS STANDARDView All
Business Standard

Indians prefer credit over debit card for high-value payments

In June 2024, India saw a significant increase in the number of credit, debit, and prepaid cards, reaching a total of 1.451 billion cards—an 11 per cent jump from the previous year, according to the India Digital Payments report for the first half of 2024 (January to June) by payment technology service provider Worldline.

time-read
1 min  |
October 12, 2024
Business Standard

An Indian anthropologist ahead of her time

Urmilla Deshpande set out to work on a novel about an Indian woman in Germany in the 1920s based on her grandmother Irawati Karve when she stumbled on the opportunity to write her biography.

time-read
3 mins  |
October 12, 2024
IAF plane makes inaugural landing at upcoming Navi Mumbai airport
Business Standard

IAF plane makes inaugural landing at upcoming Navi Mumbai airport

An Airbus C-295 of the Indian Air Force (IAF) touched down at Navi Mumbai International Airport (NMIAL) on Friday, marking the formal inaugural flight landing at the place. A Sukhoi SU-30 fighter jet did a low fly-by at the airport to test the 3.7-km long runway in the presence of Maharashtra Chief Minister Eknath Shinde, his deputy Devendra Fadnavis and Murlidhar Mohol, Minister of State for Civil Aviation and Co-operation.

time-read
1 min  |
October 12, 2024
Less than 33% of youth can search Net, transact online
Business Standard

Less than 33% of youth can search Net, transact online

Less than a third of those in the 15-29 age group can \"search the internet; send or receive an email and perform an online transaction\", show the findings from the latest Comprehensive Annual Modular Survey (CAMS), released by National Statistical Office (NSO) this week.

time-read
1 min  |
October 12, 2024
TCS shares dip as analysts offer mixed outlook
Business Standard

TCS shares dip as analysts offer mixed outlook

IT sector is expected to grow considerably from Q4 FY25 onwards

time-read
3 mins  |
October 12, 2024
Business Standard

NSE retains Nifty 50 for weekly contracts

The National Stock Exchange (NSE) has opted for the Nifty 50 index for issuing weekly option contracts following the Securities Exchange Board of India (Sebi's) one-exchange-one-benchmark mandate.

time-read
1 min  |
October 12, 2024
Business Standard

Compare lenders' costs; higher rates can offset benefits of offers

Footfall, enquiries, and bookings at car dealerships are rising, driven by attractive offers and promotions. These special deals typically start in October and run until the New Year.

time-read
2 mins  |
October 12, 2024
Business Standard

Noel's appointment as Tata Trusts' chair signals continuity: Analysts

It will be business as usual for Tata group stocks post Noel Naval Tata's appointment as chair of Tata Trusts, said analysts. They added that the development will signal continuity.

time-read
2 mins  |
October 12, 2024
Business Standard

Sebi intervenes in ₹45cr Trafiksol IPO irregularity

To undertake detailed examination into disclosures by the firm

time-read
2 mins  |
October 12, 2024
Business Standard

India-focused funds log first weekly redemption in 19 mths

China resurgence, expensive valuation dim India appeal; midcap funds see 14th week of outflows

time-read
2 mins  |
October 12, 2024