Leading Manufacturing Companies – Lumax Auto Technologies

Team members play an important role for an excellent product. They drive brainstorming sessions on DFM (design for manufacturability) and DFMEA/PFMEA (design/process failure mode effect analysis). In addition, latest simulation software (thermal/lighting) and designing software helps create a robust product.

SWOT analysis tool is helpful for any organisation and their R&D cells to identify strengths and weaknesses, focusing on the project, organisation, or the business area. An R&D cell invests a good amount of time in identifying opportunities (having latest technology for manufacturing in-house) and any threats arising from weaknesses.
The team should spend time in planning an excellent product. Traditional waterfall development cycle is history; R&D functions are adapting agile practices of development.
R&D budgeting starts with a market survey matching one’s existing product line and matching it to future manufacturing/designing, payback period and RoI. Adding a new product line means 1-2% revenue investment in technology, manpower training, setting up JV or TA so as to strengthen in-house capabilities.
Automotive lighting industry is emerging with new-age technologies head lamps and tail lamps, and to stay in sync with technology and customer demand, the R&D budgeting process includes cost of migrating from LEDs to OLEDs.