DETROIT and LONDON, March 13 /PRNewswire/ --
- First project: New vehicle platform development for Chinese automotive OEM
INCAT, a global leader in Engineering Services Outsourcing (ESO) and Product Development IT services, has entered into a strategic alliance with Tata AutoComp, one of India's leading automotive components manufacturers. The alliance offers global automotive manufacturers a single source for automotive engineering and design services from INCAT, combined with complete product development and component manufacturing from Tata AutoComp.
The INCAT-Tata AutoComp alliance has already secured a major project for the complete design and development of a new vehicle platform for a leading Chinese automotive OEM. With this move, both companies are established as full-service suppliers for vehicle design and manufacturing within their respective markets.
"INCAT is committed to leading the ESO market and to creating value for its customers," said INCAT CEO Warren Harris. "This alliance enhances our position of leadership and offers unmatched value to our customers by providing full-service vehicle platform development capability to automotive OEMs worldwide that reduces their product development time while simultaneously reducing product development costs. This strategic alliance delivers it all - engineering and design services, and component manufacturing - through a single, proven, world-class source."
INCAT, recently ranked by Dataquest magazine as the second-largest provider of engineering services outsourcing in India,(i) will provide comprehensive vehicle level integration expertise to the alliance, while Tata AutoComp will provide module integration for a full range of automotive components.
Hemant Mohgaonkar, Executive Vice President Engineering and Technology for Tata AutoComp said, "Tata AutoComp has an in-depth understanding of the automotive domain by virtue of its long association with the automotive industry. This strategic alliance will enhance the reach of Tata AutoComp to engage with global customers much earlier in the product development value chain to offer radically enhanced manufacturability while bringing total cost of ownership for vehicle development services lower."
(i) According to a survey conducted by DATAQUEST published in August 2007 in an article titled, "Engineering Design Services: Advantage, IT Players." The company accounts for 16.1 percent of that market's revenue, according to the report. The DATAQUEST article also quoted a 2006 NASSCOM-Booz Allen Hamilton report on ESO that projects the potential for India in engineering services is between $12 billion and $16 billion by 2010. That same report ranked INCAT as the number one provider of automotive engineering services outsourcing in India. Other sectors ranked in the report include aerospace, industrial machinery/manufacturing, and consumer products.
INCAT, founded in 1989, is a Tata Technologies company. The Company is a global leader in Engineering Services Outsourcing (ESO) and Product Development IT Services to the global manufacturing industry. INCAT, through its pragmatic approach to engineering and manufacturing processes; and its unique-in-the-industry Global Delivery Model, delivers best-in-class solutions for Product Lifecycle Management (PLM), Enterprise Resource Management (ERM), Customer Relationship Management (CRM) and Application Development and Maintenance (ADM) to the world's leading automotive, aerospace and durable goods manufacturers and their suppliers.
INCAT is headquartered in the United States (Novi, Mich.), India (Pune) and Germany (Stuttgart). Tata Technologies is headquartered in Singapore. INCAT has a combined global work force of more than 3,000 employees serving clients worldwide from facilities in North America, Europe and the Asia-Pacific region. www.incat.com
About Tata AutoComp Systems Limited
Tata AutoComp Systems Limited, promoted by the Tata Group, provides products and services in the automotive industry to Indian and Global customers, including Ashok Leyland, DaimlerChrysler, Fiat, Ford, General Motors, Honda, Hyundai, John Deere, Mahindra and Mahindra, Piaggio, Tata Motors, Toyota, and VW. Tata AutoComp has own capabilities in Automotive Interiors and Plastics, PV Suspension Systems, Engineering, Mobility Tracking Solutions, Tooling and Supply Chain Management. Tata AutoComp operates through offices in India, Germany, China, Japan and US. The Company also has 15 joint ventures in partnership with leading companies from the Global auto component industry.
With 30 manufacturing facilities (including one plant each in Germany and China, and 3 export oriented units) and 6 engineering centers, Tata AutoComp is rapidly growing its business in India and Overseas. For further information please visit http://www.tacogroup.com .
U.S. and European INCAT media inquiries to: Daniel Saad, Corporate Communications Mgr. - NA, +1-248-426-1841, email@example.com, or Tata AutoComp media inquiries to: Shvetal Diwanji, General Manager - Corporate Communications, Tel - +91-20-66085119, Fax - +91-20-66085120, firstname.lastname@example.org