Industrial landscape of the state of Himachal Pradesh has continuously reshaped to attain its current form wherein the state is capable of producing from traditional to a wide spectrum of high-tech products like computer monitors, magnetic components, high quality precision components, tele-communication equipment, electronics, drugs and pharmaceuticals, processed food, textiles, and spinning products. Given its role in the economic development of the country, we have covered this regional industry exclusively in this special issue. The cover story of this issue features MT Autocraft which produces more than a million shafts type parts per month for Automotive and off highway (Tractor) OEMs.
It is also number one supplier by volume for forging shifter forks for tractor segment. Recently, the firm has also been selected to be the part of Hyundai Motor India supply chain for a very critical assembly. Also featuring in this issue is Him Teknoforge, a supplier of auto and tractor components which is meeting the changing requirements of its customers comprising big OEMs like TATA, Mahindra & Mahindra and Ashok Leyland. The company currently produces approximately 300,000 components per month at its different manufacturing facilities.
It has the competency to manufacture all kinds of transmission, differential, steering & suspension parts, assemblies and sub-assemblies. The issue also covers Millenium Electronics which is a renowned company that has made its mark as a quality-driven power electronics and home appliance manufacturer in India. In addition, the issue also features some of the other select few manufacturers from Himachal Pradesh.
After studying this market landscape in-depth, we have zeroed in on Top 10 companies that have excelled in the state’s industry with their innovative approach. Having proven their dedication to efficiency in order to meet the customer expectations in an end-to-end manner, these companies have stood out from the crowd.
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