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OEM Update
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‘Talent crunch derails auto components manufacturing’

June 21, 2011 11:44 am

“Infrastructure deficit, talent crunch, access to world-class technology & quality practices are some of the biggest challenges the manufacturing industry in India facing today”, says Nirmal K Minda, CMD of N K Minda Group in an interview with OEM Update
 
NK Minda Group is one of the leading suppliers of proprietary automotive solutions to OEMs. Brief us about your auto components business.
N K Minda Group is a technology leader in auto components industry and is a leading supplier of proprietary automotive solutions to Original Equipment Manufacturers (OEMs) as Tier-1. We manufacture switches, electric mirrors, horns, lamps, blow moulding components, electronics & sensors, CNG-LPG kits and batteries for OEMs.
 
N K Minda Group is a global player in automotive sector with manufacturing facilities in Indonesia and Vietnam and offices in Japan, Europe, Taiwan and China. We have 26 manufacturing plants in India and have joint ventures and technical agreements with many world renowned manufactures such as Tokai Rika (Japan), Kyoraku (Indonesia), EMER (Italy), Roki (Japan) and Kosei (Japan). Our continuous effort is to deliver high technology and quality products to our valued customers such as MSIL, TML, TKML, M&M, BAL, TVS, HHML, HMSI, HSCIL, VW, GMIL, FIPL, RNPO, IYM etc.
 
What are the products and solutions you offer to the OEMs?
The product lines that we offer to OEMs are: switch 2W/HBA, switch 4W + HVAC, switch 4W + HVAC, sensors, actuators, solenoid, mirrors, lighting, HLL motors, horns, CNG / LPG kits, batteries, blow molding components, seat belts, wheel covers, cigar lighter, alloy wheels, air filters and die casting.
 
What is your annual turnover from auto components business?
We are today a US$ 373 million group and rapidly expanding with increased market share in our product lines.
 
Please brief us about your overseas business. What are your future expansion plans?
We have sales offices in California (USA), Turin (Europe) and manufacturing plants in Karawang (Indonesia), Vin phuc (Vietnam). Apart from these we have design offices in Turin (Europe), Chiyoda-ku Tokyo (Japan) and in Tainan (Taiwan). We also have a strategic sourcing unit in Zhejiang-China.
 
The future plans are dynamic and details would be shared at an appropriate time.
 
How do you see the performance of automotive components industry in India?
As per the Automotive Component Manufacturers Association of India (ACMA), Indian automotive components industry is growing with a growth rate on turnover of almost 21 per cent.  The organized sector in India contributes to more than 85 per cent of country’s total production of auto components.
With business sentiment gaining momentum post recession and consumption of finished vehicles growing steadily, auto component industry in fiscal 2010-11 has registered encouraging results.
 
Can you share your comments on opportunities, recent trend and roadblocks in the growth of auto components manufacturing sector?
Opportunities
•  Global SMEs can invest in green-field manufacturing in India to meet growing domestic demand for auto-components.
•  Opportunities for Partnerships with Indian SMEs at Tier 2/3 level – the Next Wave – covering the entire automotive supply chain to address not only product technology, but also “Process Technology”.
•  Opportunity for supply base discovery.

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