Business Daily from THE HINDU group of publications
Tuesday, Apr 15, 2008
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Business Daily from THE HINDU group of publications Tuesday, Apr 15, 2008 ePaper | Mobile/PDA Version | Audio |
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Corporate
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Alliances & Joint Ventures Info-Tech - Software Argentum Motors ties up with Dassault Systems
The Centre of Excellence would create a pool of trained persons who would be used by Argentum’s customers for providing powertrain solutions. In the next three to four years, we would be looking to train 700-800 people. Our Bureau New Delhi, April 14 Argentum Motors on Monday signed a memorandum of understanding with software solutions provider Dassault Systems for designing and engineering of engine components for global automotive Original Equipment Manufacturers (OEMs). The collaboration would bolster Argentum from being a contract manufacturer of automobiles and components to also an engineering service provider for OEMs. Jointly set up by the two companies, the Centre of Excellence would leverage on Dassault’s partnership for providing software solutions to auto companies and Argentum’s manufacturing capacity. “Globally, OEMs are increasingly engaging component companies in the design and development process. We do not just want to manufacture for international OEMs but also provid value added services to our customers,” said Mr B.V.R. Subbu, Director, Argentum Motors Pvt Ltd, while signing the MoU. This would make Argentum a complete solution provider as it would be able to provide the conceptual design for the component, produce it, test the product and deliver it to the customer. Powertrain solutionsCurrently, Dassault has almost every automobile maker such as Toyota, Hyundai, Mercedez, Porsche buying its software for product lifecycle management solutions and under the new venture with Argentum Engineering Design (AED) it is aiming to provide powertrain solutions to various companies. AED, currently, employs 50 professionals and by the end of the year would have a headcount of 250. “The Centre of Excellence would create a pool of trained persons who would be used by Argentum’s customers for providing powertrain solutions. In the next three to four years, we would be looking to train 700-800 people,” said Mr S.D. Pradhan, CEO, AED. On the revenue sharing arrangement, Mr Subbu said that Argentum or its customers would pay Dassault licence or user fee for buying its software for their powertrain products. Declining to reveal specific names, he admitted that Argentum was in the process of meeting the powertrain requirements of three global OEMs. Argentum Motors, which acquired the production facility of the former Daewoo Motors, has the capacity to produce four lakh engines, four lakh gear boxes and 35,000 aluminium die casting division a year for various domestic and global automotive companies. More Stories on : Alliances & Joint Ventures | Software | Automobile Components
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