Ranal to focus on engineering designs

BANGALORE, INDIA: Bangalore based Ranal Engineering Services (a Ranal company), a leading provider of end-to-end Engineering Services to the automotive sector, has announced its plans to tap emerging markets like China, India, Eastern Europe to fuel its growth. The company plans to recruit additional engineers this year to handle new projects coming from the above mentioned countries.

Currently Ranal Engineering, having its design centers in Bangalore and Pune, is riding on a wave of engineering design outsourcing in the automotive sector. The company provides its services in the area of tool design, simulation and product design engineering to its customers in the automotive space. The company had recently acquired the management control of the US based Koltanbar Engineering, which offers high end manufacturing Engineering process development and planning services, and Three 60 Productions for innovative product development. With these acquisitions the Ranal Engineering India team now offers one- stop product design and manufacturing engineering services of higher end nature, which helps in providing the end-to-end engineering services to its global customers.

In the recent years the major automakers have realized the advantages in the emerging markets as compared to the matured regions. Many of them are locating higher value activities such as the complex production, R&D and sales/marketing operations in these rapidly growing countries.

In terms of vehicle assembly, nearly 1/3rd of the global automotive industry's growth in the near future will come from China. India and Eastern Europe are quickly emerging as strong and potential contenders. These emerging markets provide tremendous opportunities for automotive manufacturers and related suppliers to grow their top and bottom lines and capture new customer base.

Devarajan.T.L., Head- Business Development, Asia Pacific Operations, Ranal Engineering said, "We see, huge potential in these countries as in the last few years, automotive manufacturers and their suppliers have increased their investments in emerging markets. Many of them will continue to expand their production capabilities to serve both local emerging market customers and to be a strategic operating base for supply to customers on a regional or global basis".