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<span style="font-weight: bold;">AxleTech is a manufacturer of axles to speciality applications in off-highway and defence segments.</span> <p></p><p><span style="font-weight: bold;">Amit Verma, Director, Business Development, India/South East/Asia Pacific, AxleTech,</span> shares more on the company's presence in India and the market outlook. </p><p> <span style="font-weight: bold;">Could you shed some light on AxleTech and its operations?</span> <br />AxleTech is a more than 100-year old company based out of Troy, Michigan. It started with building axles for trucks/vehicles at its plant in Oshkosh, Wisconsin, which is one of the oldest plants to manufacture commercial axles. AxleTech also has its own gear manufacturing unit in the US. Its European headquarters is in Saint Etienne near Lyon, France and also has operations in China in partnership with Fuwa, pioneers in trailer axles and truck axles. </p><p>Our India subsidiary headquartered in Delhi has manufacturing base in Pune and engineering design centre in Bengaluru. We registered the company in 2012 and the plant was operational in 2015 where it assembles axles for reach stackers, forklifts, and specialty pick-and-carry cranes, besides building axles for logistical and tactical military vehicles. </p><p><span style="font-weight: bold;">Could you elaborate on the Pune manufacturing facility?</span><br />At the Pune plant, we can produce 1,000-2,000 axles a year in one shift. All our axles are for special applications and they are produced and shipped on order. Most of the axles we produce are made-to-order and very specific to that customer and applications. All axles are different from each other. </p><p> <span style="font-weight: bold;">What is the delivery period of your products? </span><br /> In India, our products have a high localisation content of more than 80 per cent for most of the programmes. Therefore, we are able to reduce the lead-time to an average of three months, which can further be narrowed down to two months from taking the order to shipment of the product.</p><p> <span style="font-weight: bold;">What are your R&amp;D initiatives in India?</span><br /> When we started our activities in India almost a decade back, the research and development (R&amp;D) support was mainly from our European engineering head office in Saint Ettiene, France and from Troy, Michigan in the US. Slowly we built up our team here in India. Today, the technology centre in Bengaluru helps us in developing more axles required for Indian market. </p><p> <span style="font-weight: bold;">Who are your target audience and what are the challenges to reaching out?</span><br />Globally, AxleTech is into off-highway segment. Our products are used in construction, mining, material handling, ground support, and in defence. Always the challenge for any engineering company to reaching out to the market is the price. </p><p>There is always lead-time as a challenge as AxleTech is not into run of the mill axle standard catalogue-built axle manufacturer. We are a company, which always produces specialty axles required for very specific application, and turnaround can be very high if not planned. However, the requirement comes very urgent sometimes. In developing countries like India and South-east Asia, you cannot extent the time requirement and ask customer to project demand for next 9-12 months unlike in Europe, US or Japan where accuracy of forecast even for specialty equipment can go as high as 24 months.</p><p> <span style="font-weight: bold;">What is your strategy to keep ahead of your competition in the market? </span><br />Ours is technology products and we do not deal with commodity products. Therefore, we do not have a price list and catalogue. We deal case-to-case, customer-by-customer, program-by program and application-by-application. AxleTech has invested in India by setting up manufacturing plant in Pune, engineering and design office in Bengaluru, while sales and head office in Delhi for our key customers in the region. Our products are our differentiators. The plant was set up and operational since 2015, but sales service and application support were provided long before. As a result, AxleTech has strong footage on the ground. We are growing faster than the market as we cater to several different market segments and applications. We are not just dependent on one segment, for example, military which is very cyclic in nature and has ups and down. We have made strong headways towards segments like material handling, construction, mining, ground support equipment etc.</p><p> <span style="font-weight: bold;">AxleTech recently introduced its AFE series of electric powertrain systems. Can you elaborate on this?</span><br />AxleTech is known for providing world-class solution in driveline with special focus on off-highway market and application such as material handling, construction, mining, ground support equipment and military. AFE series of electric powertrain is about the complete integrated package of axles with motor/inverter and VCU. AxleTech not only provides the E axles but also helps in integrating the axle with the propulsion. Key advantages of AFE are superior power-to-weight ratio, can come with a variety of reduction ratio and have planetary wheel ends, and multiple brake options are also available depending on the application requirement. Like AxleTech solution for traditional drivelines, which caters to specialty trucks and machines, AFE also has similar features, benefits and advantages.</p><p> <span style="font-weight: bold;">Do you offer any add-on services along with your products?</span><br />We have set up a complete After Market Segment (AFM) to cater to the requirements of both OE spares as well as replacement spares, as the lifecycle of traditional AxleTech products are higher than average axle. We focus on markets such as commercial trucks, brakes, and other perishable including parts beyond axle portfolio. Brand AxleTech is not yet a household name but carries a value to niche customers who deal with it. Competition is higher in AFM but so is the market size and potential. </p><p> <span style="font-weight: bold;">What is the average life of an axle? </span><br />It depends on the type of applications and environment it is being operated. For India, we have seen there are machines of our old customers which are running for 30 years without any problem. Normally, axles of AxleTech will not encounter any problem for the first 10 years if they are maintained according to the manual.</p><p> <span style="font-weight: bold;">How do you see your company's growth record in India?</span><br />We are growing much faster than the market for the reason that our base was negligible and also we have a variety of applications. Even in commercials, we have as many as 35 different applications. In defence, we are building axles according to the requirement of the Indian Defence. That is helping us a lot. Our growth combining both commercial and defence is in double-digits. </p><p> <span style="font-weight: bold;">Do you use India as a hub for product development, R&amp;D and manufacturing to cater to your global requirements? </span><br />Our engineering center in Bengaluru also works for designing, developing and implementing solutions required for India market as well for off-shore applications.</p><p> Most of the axles we produce are made-to-order and very specific to that customer and applications. </p>