Remsons Industries Limited has made notable strides in strengthening its position within the competitive automotive components sector. Under the leadership of Amit Srivastava, Group CEO, the company has strategically focused on diversification, innovation, and expanding its global footprint. In a conversation with Rajesh Rajgor, Srivastava shared insights into the company’s growth journey, which includes the expansion of its product portfolio, entry into new markets, and the development of key partnerships with both global and local industry leaders. These efforts have positioned Remsons as a resilient, growth-oriented organization in an ever-evolving market.
While staying true to its legacy of strong values, Remsons has embraced change and innovation in a way that reflects a pragmatic balance between tradition and progress. Leveraging joint ventures, strategic acquisitions, and robust internal programs, the company has adapted to market demands while expanding its reach. Through its efforts, Remsons has successfully diversified its offerings into high-value sectors such as premium lighting systems, infotainment, and advanced sensor technologies, ensuring it meets the needs of a broad spectrum of automotive sectors while maintaining its competitive edge.
Diversification and Strategic Expansion
One of Srivastava’s significant contributions has been diversifying Remsons’ portfolio to cater to a broader range of industries and geographies. The company, once known primarily for its traditional product lines like control cables and mechanical assemblies, has now expanded into high-value sectors such as premium lighting systems, infotainment, and advanced sensor technologies. “Diversification is not just about entering new markets; it’s about identifying synergies and leveraging our existing expertise to create innovative products,” he explained.
Strategic partnerships have been instrumental in Remsons’ growth, helping the company stay ahead of industry trends and meet global sustainability goals. Collaborations with global leaders like Aircom, Daiichi, and Uni Automation have enabled Remsons to offer cutting-edge solutions. Aircom provides eco-friendly, energy-efficient tyre repair kits for premium OEMs across various segments, while Daiichi delivers advanced infotainment, wireless charging, and audio systems, positioning Remsons at the forefront of automotive electronics. Uni Automation, with 35 years of expertise in automotive sensors, strengthens Remsons’ capabilities in measurement, temperature sensing, and defect detection, further enhancing product quality. “Our collaborations are a testament to our adaptability and commitment to delivering world-class solutions,” Srivastava said.
Another significant milestone, recently has been the acquisition of Bee Lighting, a UK-based specialist in premium automotive lighting. This acquisition, which includes advanced LED and Adaptive Driving Beam (ADB) technologies, has expanded Remsons’ presence in the luxury automotive segment, with notable clients like Lamborghini, Jaguar etc. Srivastava views this as a strategic step towards offering comprehensive solutions to premium OEMs globally, solidifying Remsons’ growing reputation as a global brand. “This acquisition enhances our ability to serve premium automotive manufacturers with advanced, high-quality lighting systems,” Srivastava emphasized.
Legacy Products Evolving with Modernity
Even as Remsons explores new frontiers, its traditional product lines remain a key pillar of its operations. Products like HCV cables, Gear Shifters, and winches have been instrumental in building the company’s reputation for reliability. Today, these offerings are being reimagined with cutting-edge technology. For instance, Remsons’ advanced actuator systems are designed to enhance comfort for heavy vehicle operators, addressing a critical pain point in the logistics sector.
“Our legacy products are evolving to meet modern needs while retaining the trust we’ve built over decades,” Srivastava noted. This dual focus on innovation and reliability has allowed the company to maintain its stronghold in core markets while expanding into new ones.
As the automotive industry shifts towards greener and smarter solutions, Remsons is aligning its operations to meet these evolving demands. The company is investing heavily in R&D to develop sustainable components that cater to electric and hybrid vehicles. “Sustainability is not just a trend; it’s a responsibility we take very seriously,” Srivastava explained.
The company’s roadmap includes expanding its product offerings to include lightweight materials and energy-efficient components. These innovations not only reduce the carbon footprint of vehicles but also enhance performance, making them more appealing to OEMs and end consumers alike. “Our focus on sustainability goes hand in hand with our commitment to innovation,” he added.
Excellence in Manufacturing and Quality Assurance
Quality has always been a cornerstone of Remsons’ operations. Adhering to globally recognized standards like IATF 16949 and ISO 14001, the company ensures consistent excellence across its manufacturing facilities. This commitment is further reinforced through rigorous quality checks and continuous improvement initiatives.
“Precision and quality are non-negotiable at Remsons,” Srivastava asserted. Awards such as the Gold Award from the Quality Circle Forum of India highlight the company’s dedication to excellence. Furthermore, Srivastava attributes much of this success to the integration of advanced manufacturing practices and a data-driven approach to decision-making.
Remsons’ manufacturing capabilities are also bolstered by its state-of-the-art facilities in India and abroad. From implementing automation to enhancing supply chain efficiencies, the company is continuously upgrading its processes to meet global standards. “Our manufacturing excellence is a testament to our ability to adapt and thrive in a competitive landscape,” he said.
Commitment to Workforce Excellence
While Remsons’ growth is fueled by its expanding product portfolio and partnerships, the foundation of its success lies in its people. Recognized as a “Great Place to Work” for three consecutive years, Remsons prioritizes employee well-being and empowerment. Srivastava firmly believes that a motivated workforce is critical for sustained growth. “Our employees are at the heart of everything we do. Investing in their development ensures the company’s long-term success,” he said.
The company’s initiatives, such as the Profit Linked Incentive (PLI) scheme, are designed to foster a performance-driven culture. Furthermore, collaborations with programs like Maruti Suzuki’s MACE initiative ensure continuous upskilling of employees to meet the ever-changing demands of the automotive industry. Over 15,000 hours of training in FY24 alone highlight Remsons’ commitment to nurturing talent. “Our focus on skill development is as robust as our focus on innovation,” Srivastava added.
The organization’s emphasis on inclusivity and collaboration extends to cross-functional teams, encouraging innovation from within. Srivastava notes, “We believe in creating a culture where every idea is valued, and every individual feels empowered to contribute to our success.”
The Road Ahead
Looking ahead, Remsons Industries is charting an ambitious path toward becoming a global leader in automotive components. Rahul Kejriwal, Executive Director of the company, emphasizes the importance of strategic initiatives in achieving this vision. “Our focus on mergers and acquisitions is not just about expansion; it’s about unlocking synergies that drive innovation, enhance capabilities, and position Remsons as a frontrunner in global markets,” Kejriwal said.
The company plans to deepen its global footprint, particularly in regions like Europe and North America, where demand for premium components is on the rise. By leveraging its strong partnerships, robust product portfolio, and a mix of organic and inorganic growth strategies, Remsons is poised for transformative growth.
“Our goal is to become a global leader in automotive solutions while maintaining our stronghold in traditional markets,” Srivastava said. This ambition is further backed by efforts to enter new markets, scale up manufacturing capacities, and explore untapped opportunities in emerging segments.
Under the dynamic leadership of Srivastava and the strategic foresight of Kejriwal, Remsons Industries is poised to set new benchmarks in the automotive components industry. This leadership team’s focus on innovation, sustainability, and resilience ensures that the company remains relevant in an ever-changing landscape.
“We are excited about the journey ahead and remain committed to creating value for our stakeholders while contributing to the industry’s growth,” Srivastava concluded.