Manufacturing Today Issue 212 - May 2023 | Page 13

__________________________________________________________________________________________ Main interview
As we look at the ways in which the manufacturing industry is advancing towards 5.0 , there are three main factors to consider a six-dimension framework , comprised of industry-leading growth , sustainability , technology , people , clients , and ESG . Since then , and in relation to these dimensions , we have grown by 20 percent , been certified as a Great Place to Work , now possess an incredibly strong customer-satisfaction metric , and are rated low-risk in terms of ERG . With regards to our technological focus , we have chiefly shifted our attention towards six key areas , including electric , autonomous , connected vehicles ( EACV ), which I believe are the future , and for which we serve three of the top five OEMs worldwide , and eight of the top ten Tier 1 manufacturers . Alongside these , we are also growing in our digital manufacturing lines , AI and digital products , medical technologies , connectivity , and sustainability offerings .
“ We are able to leverage our expertise across these six key areas to offer solutions from a co-sourcing and collaborative perspective . When you look at our history , it can be broken down into three phases ; from 2009 to 2016 , we experienced a period of growth based on our clients ’ confidence in our deep rooted knowledge of specific areas . From 2016 until 2020 , we established the CTO office and organization , alongside the verticals in which we now operate , and ever since 2020 , we have been working towards a deeper fulfilment of our six key areas . There ’ s one mantra that I always repeat to everyone : go deep to scale .”
This is also reflected in the scale of innovation across the company . LTTS ’ engineers have filed a cumulative 1,090 patents as of end FY23 ( March 31 , 2023 ) at the rate of more than 50 patents every quarter . The majority of the patents are co-authored by its global customers .
“ Patents showcase the innovation culture that we have in the company and how our engineers are helping customers leverage advanced technologies for their products and services ,” Amit says .
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