Venttup's Drive towards Sustainable Manufacturing: Empowering Localization in India's Energy Segment, EV Landscape & EMS sector
Venttup, an innovative player in the energy sector, recognizes the intrinsic advantages of localisation in India’s energy landscape. For years, this strategic imperative has empowered original equipment manufacturers (OEMs) to overcome traditional challenges, offering near-shore development during the new product introduction (NPI) process, heightened agility, meticulous control over supplier quality-cost-delivery (QCD), and streamlined logistics costs with optimized just-in-time inventory.
In recent times, global disruptions stemming from the COVID-19 pandemic and mounting geopolitical tensions have magnified the urgency for robust local supply chains. Venttup believes that fostering domestic production of components aligns seamlessly with the Government’s vision of indigenisation in India. Venttup stands in alignment with a range of regulatory policies, beginning with the Make in India initiative launched in 2014. These efforts have taken on a more resolute form in recent years through strategic initiatives like the phased manufacturing plan (PMP), which plays a pivotal role in securing incentives under FAME II. Moreover, Venttup is poised to leverage the benefits of the Production Linked Incentive (PLI) scheme tailor-made for the automotive sector. The company is also dedicated to contributing to the progress of advanced chemistry cells (ACC) and electronic manufacturing, solidifying India’s journey toward self-reliance in this dynamic sector.
Focused Segments
Energy Segment
- Switch Yard Equipment’s
- AC / DC Components
- Electronics Parts
- Control Cabinet Materials
- Solar & Hydrogen based components
- Mechanical parts
EV Segment
- Two Wheeler Components
- Chassis
- Tubular structures
- Cables & Wire Harness
- BMS & VCU’s
- Charging & other units
Driving Progress with Venttup: Accelerating Components Localisation in India
Embracing the essence of Venttup, a pioneering force in the automotive industry, the pursuit of electric vehicle (EV) supremacy is intricately tied to the concept of localization. Guided by stringent regulations and the pressing need to shield against supply chain uncertainties, Venttup spearheads the localization endeavour within EV manufacturing.
Recent times have witnessed the automotive supply chain grappling with a series of macroeconomic pressures. Notably, the production of pivotal components for EVs, like cells and semiconductors, faced significant disruptions due to the global upheaval caused by the COVID-19 pandemic. Electric vehicle original equipment manufacturers (OEMs), including Venttup, had to swiftly prioritize measures to secure vital supplies, temporarily relegating procurement costs and the origin of components to a secondary role.
However, Venttup recognizes the criticality of striking a harmonious equilibrium among these factors with agility. This proactive approach is vital to ensure the readiness of the local supply chain to seamlessly accommodate the burgeoning demand for electric vehicles. Foreseeing the horizon of the next 3 to 5 years, Venttup envisions a robust thrust fuelled by diverse governmental initiatives, all meticulously tailored to foster a thriving local ecosystem. This concerted momentum coincides seamlessly with Venttup’s mission to stabilize and judiciously manage the ever-escalating expenditure associated with electric vehicle components. This collective drive stands as the cornerstone, propelling the impactful localization of the electric vehicle supply chain – a journey Venttup is committed to leading.
Localisation Gate Process
Localisation Gate Process
Gate - 0
- Feasibility Check
- NDA Sign off
- Scope Finalization
Gate - 1
- Agreement to start
- Project Team
- Project Timeline
Gate - 2
- Risk Assessment
- Supplier Selection
- Supplier Qualification
Gate - 3
- Pilot Planning
- Pilot Production
- Pilot Prototype Testing
Gate - 4
- Prototype Results
- Documentation
- Report Validation
Gate - 5
- Project Report
- Maas Production
Gate - 6
- Project Closure
- Hand over
Gate - 7
- Supplier Performance
- Sustainability
- Lesson Learned
