46 | AutoPartsAsia | OCTOBER 2017COVER STORY
V
E Commercial Vehicles
Limited (VECV), a joint
venture in India between
the Volvo Group and
Eicher Motors Limited, has chosen
the 3DEXPERIENCE platform of
DassaultSystèmes to develop and
deliver cost-effectively innovative,
high-quality trucks and buses to the
growing commercial vehicle market
in India.
VECV is deploying ‘Modular, Glocal
and Secure’ industry solution
experience for an integrated
approach to product development
that accommodates regional
requirements. The deployment is
part of the company’s ‘Integrated
Data Management’ initiative, which
aims to improve quality, streamline
the product development process,
and deliver business value across
the organization by integrating theprocesses, data and systems of
its engineering and manufacturing
value chain.Based on the 3DEXPERIENCE
platform, ‘Modular, Glocal and
Secure’ industry solution experience
unifies digital information in a single
collaborative environment that
is accessible to VECV’s product
planning and portfolio management,
product development, vehicle
integration, and manufacturing
planning departments, as well as
to its partners. Teams can address
the complexity of a diverse product
portfolio with agile variant and
configuration management of
global product designs and a bill
of materials containing all variants.
VECV can meet evolving customer
expectations for performance and
quality while optimizing costs and
cycle times.“After an 18-month business
consulting engagement, we
recognized the need for business
process efficiencies to test easily
new ideas, accelerate product
verification and validation, and
deliver innovative products to
market faster at less cost,”
R S Sachdeva, Chief Operating
Officer, Eicher Trucks & Buses,
said. “With the 3DEXPERIENCE
platform, we can digitally ensure
that our customers’ interests are
represented at every phase of
product development, from product
strategy to shop floor.”
“Adopting a product strategy to
meet diverse regional demands
and to localize the development
of differentiating technologies is
a key concern for many original
equipment manufacturers,” said
Olivier Sappin, Vice President,
Transportation & Mobility
Industry, DassaultSystèmes. “The
3DEXPERIENCE platform provides
digital continuity to accelerate
innovation, improve product quality
and performance, and reduce
engineering lead time and costs.
More and more commercial vehicle
manufacturers are recognizing
the value that it can bring to their
business.”Rane Group Forays Into Telematics
APA Bureau
R
ane Holdings Ltd, the
holding company of Rane
Group, has announced that
the board has approved
the acquisition of 70 percent
shareholding in the Bengaluru-
based Telematics4U Services
Private Ltd (T4U). Founded in 2009,
T4U offers customized analytics-rich
end-to-end telematics solutions for
various transportation and asset
tracking requirements in India and
other countries across South Asia,
Middle East and Africa.
T4U is focused on Internet of Things
(IoT) and other smart technologies
to design platforms and solutions to
its customers in the public, private
and social sectors. T4U solutions
enable its customers to manage
effectively their supply chain
operations and help them control
critical assets. T4U’s revenue wasRs. 18.6 crore for FY17.The company will pay Rs. 1.17
crore for acquiring 70 percent
equity shareholding through
subscription to fresh issue of shares
and share purchase from existing
shareholders. In addition, the
company plans to invest about Rs.
27 crore over the next two years to
scale up operations as it sees high
revenue visibility and significant
growth potential at T4U.
“Connectivity is one of the mega
trends influencing transportation
sector. We believe the acquisition
of T4U will further our ambition
to capitalize on the evolving
opportunities in the connected
technologies. T4U, a pioneer in
providing customized end-to-
end solutions, will benefit on the
growing demand for improvedfleet operational efficiency, vehicle
diagnostics and Internet of Things
(IoT)-based solutions. In addition,
we foresee that this acquisition has
potential to open up opportunities
for us to expand our connected
vehicle product portfolio,” Vinay
Lakshman, Managing Director, Rane
Group, said.Headquartered in Chennai,
India, Rane Group is a preferred
supplier to major OEMs in India
and abroad. Through its group
companies, it manufactures steering
and suspension systems, friction
materials, valve train components,
occupant safety systems and
die-casting products. Its products
serve a variety of industry segments
including passenger vehicles,
commercial vehicles, farm tractors,
two-wheelers, three-wheelers,
railways and stationary engines.VECV Joins With Dassault
Systèmes For
Product Development
APA Bureau