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Our Bureau

Chennai , July 28

IGARASHI Motors India Ltd is modelling itself to become a full service supplier related to motors to the global automotive industry, following the global trend.

Igarashi Motors makes motors and motor sub-assemblies for the automotive industry at its plant at the Madras Export Processing Zone.

Addressing shareholders at the AGM today, Mr P. Mukund, Managing Director, said that the trend in the global automotive industry was for suppliers who would design, engineer, and produce a particular part.

Igarashi Motors, with its specialisation in armature motors and motor systems and with its business model, was in a position to offer itself as a super market for motors, sub-assemblies, and motor parts, he added.

Out of the top 10 global system integrators, Igarashi Motors was working with four - Bosch, Delphi, Visteon and Arvin Meritor.

The company was looking to enlarge its businesses with each of these large customers, he said.

With automobile manufacturers looking to compress the time taken to develop and launch new models, system integrators - who buy sub-assemblies from various sources and integrate them into a particular component - are looking to suppliers to take up all the tasks, right from product design and engineering.

The company has formed six vertical segments to be in a position to offer this kind of service to system integrators.

These would take care of product design related to DC (direct current) motor or motor systems, either on a turnkey basis or reverse engineer a product as per the customer's requirement; build prototypes for motors and non-motors; testing and validation of products, assembly and sub-assembly and parts; process engineering; tooling; and manufacturing.

Of these, the first five are likely to be under Igarashi Technologies Pvt Ltd, which was till recently a wholly owned subsidiary of Igarashi Motors and in which it has now divested 29.5 per cent of its investment to an employees' foundation.

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