The India Automotive Stamping Market, valued at 4,655 Million Dollar in 2023, is expected to grow at a stable CAGR from 2023 to 2030. Manufacturers specializing in precision-engineered metal components through sophisticated stamping processes drive this growth, catering to various sectors like automotive, wind, industrial, aerospace, electronics, and appliances. While advanced technologies are being adopted to enhance efficiency and reduce costs, manufacturers also grapple with challenges related to sustainable and eco-friendly practices in line with global environmental concerns. Additionally, fluctuating raw material prices and potential supply chain disruptions add uncertainties to the industry.
Founded in 1986, Harsha Group has effectively tackled challenges through strategic measures. With an impressive 6.5 percent market share in brass, steel, and polyamide-bearing cages, Harsha is recognized as a leading manufacturer. The firm’s proactive approach emphasizes precision engineering, optimal production facilities, and robust design and tooling capabilities. By aligning with bearing manufacturers' critical needs, Harsha fosters lasting relationships with global clients.
The firm’s strategic measures have effectively tackled challenges, solidifying its position as an industry leader. “With decades of expertise in precision engineering and strategic production facilities, we prioritize design and tooling, meeting our valued customers' unique and stringent requirements across the product cycle. As we embrace the complexities of bearing cage manufacturing, we understand the significance of
lasting partnerships with global bearing companies and remain confident in our ability to cater to their needs with our cutting-edge infrastructure”, speaks Anand Bhardwaj, Chief Marketing Officer, Harsha Engineers International.
Skilled Engineers, Remarkable Performance
The firm offers a comprehensive range of products and services in the precision engineering domain. The company specializes in the manufacturing of stamped parts, with a particular focus on bearing cages and precision components. The firm’s portfolio encompasses various types of tools, including Compound Tools, Progressive Tools, and Transfer Tools, produced with cutting-edge technology such as Hard Milling and Turning Machines, CNC Wire-cut, and EDM Machines, and Five-Axis Machining Centers.
Harsha's commitment to precision extends to its design and development processes, facilitated by computer-aided design software like Pro Engineer, Auto CAD Stations, Sheet Metal Formability Simulation, and Hyperworks. “We are a technology-driven company with a strong focus on research and development, which has allowed us to develop products suited to our customer’s requirements. We have the expertise to design and develop advanced tooling in-house which enables us to manufacture complex products”, says Anand Bhardwaj.
Our company is driven by precision engineering, empowering excellence in all that we do
Vision for Success & Excellence
Amid prevailing uncertainties and complex market conditions, Harsha Engineers International Limited faces various challenges. The Russia-Ukraine crisis intensifies the intricacies, but their cohesive team remains dedicated to surmounting obstacles. Comprising skilled engineers, technicians, and support staff, they exemplify precision, innovation, and customer-centricity. Relentless pursuit of excellence ensures exceptional products and services, exceeding expectations. Through extensive training and a commitment to improvement, they stay ahead in technology and practices. Collaborative spirit and passion for engineering drive remarkable performance, securing a leading position globally. Harsha's reliability and potential for growth shine through strong sales and satisfactory performance in FY22.
The firm's future roadmap aims to be a global leader in precision engineering. It plans to expand its product portfolio to meet evolving customer needs, invest in technology and capacity for rising demand, and capitalize on China Plus One opportunities. Geographical expansion is a priority, especially in untapped territories. “Embracing sustainability and customer satisfaction, we focus on precision and innovation to drive growth. Our principal production facilities are in Changodar and Moraiya, India, with subsidiaries in Changshu, China, and Ghimbav Brasov, Romania”, speaks Anand Bhardwaj. The company's vision is defined by excellence and success in the precision engineering industry.
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