· Celebrates completion of 10 years in India
· Plans to scale up its revenues from 5 Million euros to 20 Million euros in India by 2020
· To increase headcount from 250 to 1000 employees by 2020 in India
· To set up new Centers of Excellence in core automotive areas
· Appoints Vijay Machigad as the new Managing Director, India
· To offer end-to-end engineering solutions by leveraging “Global Capabilities” at a “Local Cost” in India
RLE INTERNATIONAL, one of the world’s leading development, technology and consultation service providers, today announced their aggressive business expansion plans for India. Operating since 2005, RLE India celebrated the completion of 10 years of business with key Automotive Manufacturers and the Automotive Supplier Industry. The company’s current revenue in India stands at 5 Million Euros and is expecting to reach 20 Million Euros by 2020. The company is also looking to scale up its employee strength in India from 250 to 1000 by 2020.
RLE India is the only pure-play Automotive Engineering player in India offering end-to-end services in Body in White services (BIW), Interior, Exterior, System Integration, Powertrain & Chassis, Computer Aided Engineering and Data Migration. The company currently has offices in Bangalore and Chennai and is investing heavily on setting up Centers of Excellence (CoE) in core areas of automotive engineering.
Over the past 10 years, the company has strengthened business relations with key Indian Original Equipment Manufacturers (OEMs) and Suppliers and is now looking to scale up their business in the country with an expectation of 30% YoY growth. In order for the business in India to grow in the right strategy and be at par with its global customaries, the RLE Group has appointed Vijay Machigad as the new Managing Director, RLE India Pvt. Ltd.
Commenting on the occasion, “When we initially launched in India, the aim was merely to be an offshore delivery Centre catering to some of our global customers. But over the years this market has proven itself to be much more promising and it is one of the high-performing markets today catering to crème customers with quality services. For our global customers we develop and manage commodities and total vehicle projects from design to production and are heading to become one of the markets leaders in India within the next five to eight years. The market is challenging but we have the right expertise, the right experience and the right investment strategy to grow further”, said Robert P. Rupa, Managing Director & COO, RLE INTERNATIONAL.
RLE INTERNATIONAL is planning to make significant investments on skill development and to set up several Centers of Excellence in the next five years in India which would support the RLE Group’s overall business across the geographies. RLE India is creating two focused growth engines in India – Product Engineering and Manufacturing Engineering and is also planning to invest 10% of its revenues annually towards expansion of its business portfolio. The company’s focus in India currently lies in building innovative solutions in Lean Engineering, Manufacturing Engineering, Automotive Electronics, Light Weight Materials and Vehicle Safety.
“We aim for RLE India to become a leading player in 2-3 niche segments in India, to become one of the top 3 players in transportation segment and to broaden its footprint into Indian market, adding more Original Equipment Manufacturers (OEMs) and Tier 1 customers in transportation segment. Going by the global standards, we have already added new service lines like Automotive Electronics, Body in White (BIW) and design using lightweight material to support the new needs of Original Equipment Manufacturers (OEMs) and suppliers and our goal is to grow further in India”, said Darren Gowland, Group Vice President International Operations, RLE INTERNATIONAL.
As compared to other players in the market, RLE India brings in “Global Expertise” and more than 30 years of experience to deliver higher value to the customers. It also carries the benefit of global capabilities to “Follow the Customer” and support them in multiple geographies. Unlike the otherwise popular “Resource Augmentation” model, RLE India has developed the “Managed Staffing Solution” to support customer’s in-house engineering requirements. The Managed Staffing Solution ensures lowest Total-Cost-of-Ownership (TCO) to the clients.
On his appointment and new role at RLE India, Vijay Machigad, Managing Director, RLE India Pvt. Ltd. said, “India is a booming market for automotive engineering industry and RLE India has already come a long way since 2005 where we have established strategic partnerships with many global Original Equipment Manufacturers (OEMs) and established the brand as a strong player in niche areas. During the next few years, we aim to grow multiple folds not only in terms of revenue but also in terms of our service portfolio, business footprint and customer relations.”
Speaking about the challenges in the Indian market, he added, “There seems to be a lack of availability of high-end skillset. RLE plans to invest on skill development as well as leverage its global expertise to offer niche solutions in India. While RLE India’s key focus is on quality, the highly cost competitive Indian market poses a huge challenge, as cutting on price means compromising on quality and safety. Our “Follow the Customer” and “Global Capability at Local Cost” strategies would help us build strong relationships with our customers and deliver high value”