OREANDA-NEWS. Tata Technologies, an engineering services and product development company catering to the automotive, aerospace, construction and heavy engineering segments, plans to expand its presence in countries such as China, South Africa and Brazil.

Headquartered in Singapore, the company has global development centres in Germany, India, Thailand, the UK and the US. It serves clients in North America, Europe, West Asia and Asia-Paci?c regions, which includes leading aerospace original equipment manufacturers (OEMs) automotive OEMs.

Part of the Tata group, some of the firm's key clients include Chrysler Group, Jaguar Land Rover (JLR), Tata Motors, Boeing and Airbus.

With current revenue of around USD 376 million, the company has around USD 150 million cash on its books, which it plans to use to pursue its market expansion in China, and other new geographies.

Samir Yajnik, president, sales and chief operating officer (Asia Pacific), Tata Technologies, said, “Our expansion strategy is closely aligned with our customers' presence in these markets, which, in turn, is driven by local demand.”

Tata Technologies recently acquired US-based engineering services company Cambric Corporation for USD 32.5 million, to enhance its systems engineering and design capabilities. However, Yajnik added, “Acquisitions is only one of the strategies. We will explore other ways to strengthen our presence in new markets.”

India, he added, has now become an important hub for the global automotive market, with several leading auto companies setting with research and development (R&D) facilities here. “The big companies are not just looking to source products from India anymore. They want to build and innovate for the Asia-Pacific markets. Vehicles are now being designed in India, specific to local requirements, and exported to other markets,” he said.

With India turning into a key centre for production and innovation, the opportunities for engineering service providers has also increased significantly, he added.