… asserts Rohit Munot, Director of Operations at Harnex Systems. In a discussion with Machine Edge Global, he delves into the burgeoning wiring harness market and its correlation with the automotive sector’s expansion. Here are the highlights…
The global wire harness market is poised to hit US$ 197.39 billion by 2031. How can Indian companies bolster their manufacturing prowess in tandem?
Initially conceived in 2013, the “China Plus One” strategy has seen companies worldwide pivot away from China, with India reaping significant benefits. This trend has gained momentum, particularly with the onset of the COVID-19 pandemic. Given the labor-intensive nature of the wiring harness industry, all eyes are on India due to its notably affordable labor costs compared to other contenders. Through initiatives like “Make In India,” India can foster in-house infrastructure development, thereby gaining a competitive edge. With the aviation industry also making strides in India, there’s substantial potential for growth in that realm as well.
The surge in demand for wire harnesses in the automotive sector is fueling the global wire harness market. How is your company strategizing to meet this escalating demand?
With the burgeoning presence of electric vehicles worldwide, the demand for wiring harnesses is set to soar. This demand extends beyond automotive to various sectors like Genset, Off-Road, and Road Construction equipment, which are increasingly adopting alternative fuels. To keep pace with this surge, we’ve bolstered our capacity with the establishment of two new plants, including one in Central India (Pithampur, MP), strategically positioned to cater nationwide. Additionally, we’ve ventured into exports and are actively seeking to expand our footprint in the global market.
What are the key emerging trends in the wiring harness industry and how will they benefit the Indian market?
Collaborating with technology solutions is a key emerging trend driving the industry, encompassing automation techniques like IoT integration and Industry 4.0 adoption. Given India’s abundant resources, it stands to make significant contributions to such advancements, particularly considering the crucial role wiring harnesses play in adhering to vehicle space and weight constraints.
With increasing emphasis on sustainability and eco-friendly practices, how is Harnex Systems ensuring compliance in its manufacturing facilities?
Aligned with our commitment to eco-consciousness, we’ve been recognized with the Green Factory award. Embarking on a path towards a sustainable future, we’ve implemented various initiatives such as incentivizing bicycle usage among employees, installing solar panels, prohibiting single-use plastic bottles, and conducting periodic tree plantation drives.
As a forward-thinking leader, what are your company’s future aspirations?
We espouse certain core values and prioritize collaborative growth, fostering a people-centric environment that encourages individuals to explore and actualize their potential. With a vision to champion innovative solutions and contribute to a sustainable society, we aim to establish a robust R&D team to patent groundbreaking products under our banner.