Can you brief us on the latest emerging trends in your sector? How is your company contributing to these trends?
When it comes to emerging trends, everyone is speaking about digitalisation, Industry 4.0 and automation. Considering these sectors, we have made a lot of developments in our machines. We have data line for data analysis of machines to detect losses and help in increasing the machine availability. We have process line digital twin where you can prepare the process like fast programming with integrated simulation, thereby accelerating the machine in production. Remote line for remote access of machines for servicing which enables faster correction of errors and analysis. We will shortly also include products where we speak of touch-line concepts or condition line and protection line. The protection line is about protecting the machine by avoiding collision in machines and safety during operation. Hence, Chiron, as a company, is well prepared and ahead in the Industry 4.0 journey.
Keeping in mind the developments in the Indian manufacturing sector lately, in terms of advanced technology adoption, volatile market conditions and changing customer requirements, what would be your outlook on the industry performance this year?
People need more solution-based machines. This does not refer to just generalised solutions but machines also have to be very flexible and cater to the demands of the components. There is still some confusion about whether we should give importance to combustion engine vehicles, or speak about hybrid, or whether we should go for fully electrical solutions. In case of electrical vehicles, there is a lot of simplification that is going to happen. Technologically, these parts are going to be simpler. However, they will be more demanding as well in terms or accuracies.
How was the overall company performance globally and in India? How much does the Indian subsidiary contribute to your global business, in terms of percentage?
In India, we are stable. We remain niche but we would like to improve that situation. Hence, we will be taking certain steps in that direction. Globally, we are doing well and are right on our targets. Our management has a long-term vision, based on which certain targets have been set for the future. The Indian market is an important market for us. We have a lot of global customers who are based here. So, we cannot ignore this market and have to provide good support in India.
How is your company coping with the rapid pace of digitalisation and Industry 4.0 in the manufacturing sector?
In order to cater to digital solutions in the market, Chiron has come up with solutions like data line, remote line and process line and as mentioned above. Regarding the demand for such solutions in the Indian market, it is important to note that often, real-time data is not available. Most of the times, there is always a conflict between production, maintenance and the management. Maintenance is blamed when machines stop working. However, there might be certain gaps, which no one knows about. This can be resolved if one has a black box in the machine, which collects data. This data brings in transparency as it can be monitored to the highest level. Further, digitalisation also makes things easier as you can remotely monitor the performance of the factory and take necessary steps in advance, either it be maintenance, production related maters etc., and increase your productivity.
How do you look at the potential in India for your products? What are your company’s future plans, in the short-term and long-term?
We see a lot of potential in India. In the existing sectors, we have solutions as well as the expertise to cater to the market demands. As for our company’s future plans, we are looking at expanding in terms of value additions. Providing top quality is a priority for us. We would like our products to have standards abiding by any ‘Made in Germany’ product coupled with ‘Make in India’ standards, so that we still have the highest quality that people expect from a German company.