As part of its strategy to tap emerging markets like China, India and Eastern Europe, Bangalore based end-to-end engineering services provider to the automotive sector, Ranal Engineering today said it plans to recruit more engineers this year to handle new projects.
"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", Ranal Engineering Business Development, Asia Pacific Operations Head, T L Devarajan said.
Ranal Engineering having its design centres in Bangalore and Pune is riding on a wave of engineering design outcourcing 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.
Ranal Engineering recently acquired the management control of the US-based Koltanbar Engineering and Three 60 Productions for innovative product development.
With these acquisitions 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, a release from the company said here.
In terms of vehicle assembly, nearly one-third 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.
