Ashish Bhatia, President of Bastion, discusses the growth of the automotive electronics market in India, which is the fastest growing market in the world. He explains how consumer demand for more technology and features in cars has increased, and how this has led to larger displays and more digitization in the cockpit. He also mentions that Bastion has been growing faster than the market, and will be investing more money in capacity expansion to meet the demand for more connected and digital interfaces.
Visteon India is investing in both people and resources to deliver value to their customers. They are expanding their engineering team, adding new automation and SMT lines, and investing in industrialization of display technologies. They plan to invest around 50-100 million dollars over the next 3-5 years to expand their facility in Chennai. Visteon India’s engineering workforce is an integral part of the global Visteon business and they are also servicing markets outside India. They are hiring more people to have expertise in new technologies and to collaborate with ecosystem players. Visteon India’s core offering is battery management system and they plan to play a critical role in electrification.
Vistiana is a technology company that specializes in offering custom technology solutions. They have a mature product portfolio in the cockpit domain and have begun to explore the electric vehicle space, including battery management systems, power electronics, and battery disconnect. Vistiana has also launched global programs with automakers on electric vehicle battery management systems. In the last two years, the company has had to manage the disruption of the semiconductor storm, but have since managed it with relationships with SOCs and other companies.
Electronic manufacturers have been heavily engaged in producing electronics, resulting in a better understanding of the value stream and supply chain. Going forward, there needs to be more collaboration, transparency, and synergy between tier one and customers to create better visibility and supply chain management. Additionally, automakers are aiming to have a connected relationship with their consumers, creating an opportunity for the cockpit electronics to create a platform for third-party applications and generate revenue.
