1 hr ago
Cyient DLM targets 25–30% growth in electronics manufacturing
Cyient DLM makes and designs electronic equipment for several important industries.
It expects this business to grow by 25–30% each year for the next three to five years.
The company has orders worth about $1 billion for products it designs itself.
Most of these products are sold outside India.
Its products can be used in airplanes, defence systems, cars and trains.
The company makes power electronics, communication systems, radio systems and displays.
For semiconductor equipment, it mainly assembles and tests parts for other companies.
Cyient DLM says lower engineering and manufacturing costs in India can help it compete globally.
Cyient DLM expects its electronics design and manufacturing business to grow 25–30% annually over the next three to five years.
The company has an approximately $1 billion order book for its own-designed products from FY27 to FY34.
More than 90% of the design-led business is export-oriented, serving customers in Europe and the US.
Cyient DLM is developing safety-critical electronics for aviation, defence, automotive and railway applications.
The company manufactures in Mysore, Hyderabad, Bengaluru and the US, with engineering operations mainly in Bengaluru.
- Who
- Cyient DLM and Kaushal Jadia, the company’s chief technology officer.
- What
- Cyient DLM expects 25–30% annual growth in its electronics design and manufacturing business and is expanding its own-designed product portfolio.
- Where
- Engineering is primarily based in Bengaluru, while manufacturing operates in Mysore, Hyderabad, Bengaluru and the US.
- When
- Over the next three to five years; the company’s product order book covers FY27 to FY34.
- Why
- Growth is expected to come from demand for safety-critical electronics, India-based product development and the company’s combination of design ownership and manufacturing.
Key facts
- Expected growth
- 25–30% CAGR over the next three to five years
- Product order book
- Approximately $1 billion for own-designed electronic products from FY27 to FY34
- Export share
- More than 90% of the design-led business
- Key sectors
- Commercial aviation, defence, automotive and railways
- Product areas
- Power electronics, communication systems, RF and microwave systems, and displays
- Manufacturing locations
- Mysore, Hyderabad, Bengaluru and the US
- Cost advantage
- Engineering costs in India are about 50% lower than in Western countries; manufacturing costs can be 15–20% lower
Quotes
Kaushal Jadia
Chief technology officer of Cyient DLM
“Over 90% is export. That’s been our legacy from an engineering services side, we have been working with the likes of Boeing and Airbus in commercial aviation, similarly in medical and automotive. Previously we were only doing engineering services, but now we are doing the whole bit, whenever there’s a custom need,”
financialexpress.com
“Engineering costs in India are about 50% lower than in Western countries, while manufacturing costs can be around 15-20% lower even when semiconductors are imported,”
financialexpress.com
Sources
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