According to Invest India, the Auto Components industry in India is expected to grow to $200 Bn by 2026. Driven by increased domestic demand, product quality upgrades, and enhanced competitiveness, the automobile component industry is witnessing rapid growth among OEM suppliers. As the demand for auto components surged, Yathartha Yantra Udyog emerged as a reliable developer of fasteners and precision components for automobiles and other industries. The company produces essential automotive parts, which are then used either directly by the OEMs or assembled at the tier-one level for their final use. Additionally, some parts are supplied directly to the OEMs.
In the OEM industry, the expectations of the manufacturers for quality are exceptionally high. This is justified because the products directly impact road safety and transportation. Yathartha Yantra Udyog’s quality automotive parts undergo rigorous testing, including tests for corrosion resistance, before a vehicle hits the road. Yathartha Yantra Udyog utilizes advanced technologies and integrated Customer Relationship Management systems, Enterprise Resource Planning, AI tools, and IoT sensors, to deliver high-quality products and stay ahead of the competition.
“Moreover, we specialize in manufacturing the widest range of component sizes in the segment nationwide,” states Shubham Jain, Director of Yathartha Yantra Udyog.
This allows them to act as a one-stop solution for their customers since no other manufacturer produces these specific sizes.
Another unique aspect of the company is its proprietary quality management systems, opting not to depend on external ERP software. To enhance transparency and accessibility, the company has implemented dashboards accessible to customers through mutually agreed upon non-disclosure agreements. These dashboards provide direct access to quality-related data without the need for physical visits from customers or auditors. All relevant information concerning testing, validations, processes, production, final inspections, and dispatches is digitally available to customers via their smartphones, laptops, or other devices, ensuring convenience and accessibility at their fingertips. This accessibility is made possible due to the implementation of the new QMS developed by the company.
Additionally, the company is actively involved in initiatives within the electric vehicle sector. Moreover, there's an ongoing project focused on achieving carbon neutrality. Furthermore, the company has established a laboratory as part of its Corporate Social Responsibility (CSR) efforts. This laboratory operates on a no-cost basis and is accessible to the local community. Situated in an area with significant agricultural land, villagers utilize the facility for soil, crop, and water testing, aiding them in optimizing their farming techniques and yields.
Yathartha Yantra Udyog specialize in manufacturing the widest range of component sizes in the segment nationwide
The company is also in the process of establishing a greenfield zone dedicated to automobile components and partners. This initiative aims to maintain high-quality standards and accommodate the anticipated increase in production volumes. In addition to setting up the new center, the company has formed three new teams.
Yathartha Yantra Udyog’s team consists of highly experienced and skilled members. The company has successfully retained all its employees, greatly valuing their collective experience. These teams are focused on import substitutions, localization, patent studies, and a program called Value Analysis and Value Engineering. The Value Engineering program aims to reduce component costs through various engineering validations.
A dedicated team has been established for export operations, primarily targeting the European market, specifically Germany, Italy, and Poland. Yathartha Yantra Udyog has commenced supplying directly to some entities, OEMs, and aggregators within these regions, marking its entry into the European market.
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