Results of Latest Assessment on State of Digital Transformation at Indian Automotive Ancillaries
Contrary to common philosophy that Industry 4.0 capabilities are limited to North American and European enterprises, certain Indian Auto Ancillaries are holding strong ground…
My set of quick observations:-
1. 2 companies – Gabriel India Limited and Lumax World came as surpise to me while performing the analysis. You can yourself see that these two firms are fighting weight above the belt. While they are small from a market cap standpoint, they are investing significantly in R&D and trying to win the innovation and Industry 4.0 race
2. JBM Group, Motherson Group and Uno Minda meet expectations and seem to be on solid track to achieve their designated Industry 4.0 targets. Bosch India has strong potential to up their post manufacturing Industry 4.0 capabilities. With Motherson building its own tech services firm, the developments are expected to be fast there..
2. Shriram Pistons & Rings Ltd. is another firm which is looking very promising to me. Their current capabilities are limited but they have clear laid out push on Industry 4.0 in certain post-manufacturing segments
3. Not so happy with the developments at Bharat Forge Ltd. My independent analysis eye might have missed some developments and I can own up for that but current analysis suggest their approach is lack-lusture in both pre and post manufacturing setup
4. Exide Group is clear top-performer in post-manufacturing Industry 4.0 capabilities
5. Schaeffler India is undergoing strong developments leveraging their in-house capabilities. I hope to see more developments in both pre and post manufacturing capabilities in coming 3 years…
6. Interesting to see all these players leveraging both in-house engineering and IT outsourcing partners.
ZF Group JBM Group Bosch India Motherson Group Uno Minda Lumax World Gabriel India Limited Amara Raja Group Asahi India Glass Limited (AIS) Schaeffler Bharat Forge Ltd Tenneco Exide Group Exide Industries Limited Endurance Technologies Ltd. Sansera Engineering Limited CIE Automotive India Ltd. Belrise Industries (formerly Badve Engineering) Belrise Industries Limited – After-Market Shriram Pistons & Rings Ltd.
Please Note : Independent analysis performed based on facts and figures, not recommendative for any equity picks. For any queries, licensing needs, please write to [email protected]
About the Author :
Mr. Ankur Jain
Founding Analyst
House of Analyst Ankur
Mr. Ankur Jain is currently working towards his passion project ” House of Analyst Ankur ”
Mr. Ankur Jain‘s 2×2 matrices and assessments are performed after rigorous data analysis derived from publicly available sources and Analyst Mr. Ankur Jain‘s expert network. Mr. Ankur Jain‘s insights are leveraged by multiple individuals, enterprises and service providers.
Previously Mr. Ankur Jain was supporting the commercial due-diligence practice at EY-Parthenon and engineering services analyst practice at Everest Group (Industry 4.0, Software Product Engineering, Digital Product Engineering, Metaverse, Digital twin belonged to his basket of tracking)
In Mr. Ankur Jain‘s tenure at ZS, Mr. Ankur Jain contributed to the Pharmaceutical Analytics domain, across planning, conceptualization & implementation.
At MDI, Mr. Ankur Jain continued learning about marketing, finance and strategy.
Mr. Ankur Jain holds a Bachelors in Manufacturing Processes & Automation Engineering from Netaji Subhas Institute of Technology, Delhi, India.
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