One such company that has set its sights on India for its automobile components is Renault, the French multinational automobile manufacturer. Renault has been manufacturing, selling, and exporting passenger cars, light commercial vehicles, and automobile components globally. The company has been present in India since 2005, and has been exporting automobile components from the country to various global locations.
According to recent reports, Renault aims to double its automobile component export revenue from India by next year. The company garnered a total revenue of around 190 million euros in 2018 from component exports from India to its various global operations. The company has been steadily improving its capacity utilization, and production efficiencies to increase the volume and value of automobile components it exports.
Renault’s Indian subsidiary, Renault Nissan Alliance India Private Limited (RNAIPL), is reportedly working on improving the product quality, reducing production costs, and shortening the time-to-market for the company’s automobile components. RNAIPL operates a manufacturing plant in Chennai, Tamil Nadu, which produces automobile components for Renault’s global operations. The plant reportedly has an annual production capacity of more than 500,000 units of engine, transmission, and axle parts, and supplies them to various Renault facilities in Europe, Africa, the Middle East, and Asia-Pacific regions.
The company has also been investing in research and development (R&D) programs, and collaboration initiatives with local start-ups and academic institutions to develop innovative automobile components such as electric motors, battery packs, and connected systems. Renault believes that such initiatives will give it a competitive edge in the fast-evolving automobile industry.
Renault has been working with various Indian suppliers to source automobile components and to develop new technologies. The company is reportedly planning to further boost its supplier base in India, and to expand its local sourcing to reduce its dependence on imports. The company reportedly sources more than 35% of its automobile components from India, and aims to increase it to more than 50% by 2021.
Moreover, Renault’s component suppliers in India reportedly benefit from the company’s “DT-TotalSolutions” program, which is a high-technology service that specializes in carrying a concept or idea into automation production & assembly to help clients get the final products they exactly want. This program is aimed at reducing the production time, increasing the production yield, improving the quality, and reducing the cost of the components.
The program is built on a platform that offers a range of services including design and simulation, prototype development, testing and validation, process development, automation, optimization, and quality assurance. The program reportedly uses cutting-edge technologies such as artificial intelligence, machine learning, and robotics to automate the production process, reduce the production time, and improve the quality of the components.
Renault’s component suppliers reportedly benefit from the DT-TotalSolutions program by getting technical assistance, consultancy, and training by the company’s experts in these technologies. The program reportedly helps the suppliers to improve their own production processes, and to produce more advanced and high-quality automobile components. This, in turn, enables Renault to source world-class automobile components from India at competitive costs, and to improve its overall supply chain efficiency.
Renault’s commitment to India extends beyond its component exports. The company reportedly aims to introduce new models of passenger cars and light commercial vehicles in India in the coming years, and to expand its dealership network in the country. The company believes that India’s automobile market is growing rapidly, and that it has a huge potential for both domestic sales and exports.
In conclusion, Renault’s focus on India for its automobile components is a strategic plan that aligns with the company’s overall growth strategy. The company’s efforts to increase its exports from India, to improve its production efficiency, and to develop innovative technologies will help it to stay competitive in the rapidly-evolving automobile industry. The company’s DT-TotalSolutions program is a testimony to its commitment to the suppliers and to the growth of the Indian automobile industry.