The reason that Minda has consistently been on top in its product categories is because it is constantly offering innovative products that it develops in association with its clients. The idea of customer delight comes into play here, where the design engineers anticipate future requirements, design and develop prototypes and offer potential winners. NK Minda group spends 3% of its annual turnover on R&D efforts with the aim being to increase it to 5% of the ATO in the coming years. The group has spent Rs.500 million (USD 11 million) on its R&D initiatives.
These initiatives are already throwing up interesting possibilities in Advanced Styling Design (ASD) products and High Intensity Discharge Head Lamp (HID H/L) that save energy, have high intensity and are environment friendly. The group is also working on developing Adaptive Front Light Systems (AFS) and Parabolic Elliptical Systems.
Advanced R&D activities are going on for initiatives like LED based Automotive Lighting, Illuminated Switch, Electronic Cell, Automatic HVAC Control Panel, Body Control Module, Contact Less Switches and Rain Sensor. (Is this still relevant)
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Advanced R&D activities are going on for initiatives like LED based Automotive Lighting, Illuminated Switch, Electronic Cell, Automatic HVAC Control Panel, Body Control Module, Contact Less Switches and Grain Sensor.
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2003-04 |
2004-05 |
2005-06 |
2006-07 |
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Patents |
1 |
2 |
1 |
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Designs |
11 |
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|
1 |
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Trade Marks |
1 |
3 |
1 |
4 |
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Copyright |
2 |
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2 |
