TechNavio recognizes the following companies as the key players in the Automotive Engineering Services Market in India: HCL Technologies Ltd., Infosys Ltd., Tata Consultancy Services Ltd. and Tata Technologies Ltd.
Commenting on the report, an analyst from TechNavio’s Engineering team said: ”The Manufacturing sector in the West is facing difficult times and it is looking for an economical cost structure as a survival strategy. With the existing crisis in the Manufacturing sector globally, manufacturers are gravitating toward India in search of inexpensive development and design solutions. India is also recognized as an emerging innovation location with a flexible talent pool and cost advantages. The design of a new product is an expensive process. Earlier, global firms were reluctant to hand over this process to an outsourcing partner. However, attitudes are changing because India has managed to understand the process severity, it has established result-oriented governance models, and it has a large English-speaking working population.”
According to the report, the availability of low-cost labor and inexpensive manufacturing capabilities is one of the key attractions boosting the market growth. In addition to low-cost labor, the availability of a technical education infrastructure that provides an increasing number of technically-trained human resources each year has been another key factor promoting the Automotive Engineering industry in India.
Further, the report states that the competition from other upcoming outsourcing destinations is a major threat to the market.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are DC Design, Eicher Engineering, Mahindra Engineering Services and Neilsoft Ltd.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/automotive-engineering-services-market-…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our Engineering market research, please visit https://www.technavio.com/engineering-software
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TechNavio Announces the Publication of its Research Report “ Automotive Engineering Services Market in India 2012-2016
