Renesas Electronics India has bagged the Frost & Sullivan 2015 India Microcontrollers Competitive Strategy Leadership Award for its achievements in strategy, processes, and vision.
20 Oct 2015 | 3212 Views | By Autocar Professional Bureau
Renesas Electronics India has bagged the Frost & Sullivan 2015 India Microcontrollers Competitive Strategy Leadership Award for its achievements in strategy, processes, and vision.
The award was presented on October 7, 2015 at the Growth, Innovation and Leadership Awards nite held in Mumbai in recognition for Renesas’ work, innovation ...
This is an Autocar Pro Plus article. Subscribe to continue reading.
Renesas Electronics India has bagged the Frost & Sullivan 2015 India Microcontrollers Competitive Strategy Leadership Award for its achievements in strategy, processes, and vision.
The award was presented on October 7, 2015 at the Growth, Innovation and Leadership Awards nite held in Mumbai in recognition for Renesas’ work, innovation and continuing efforts in the year 2014.
Frost & Sullivan’s Best Practices Awards recognise companies across a range of regional and global markets for superior leadership, technological innovation, customer service, and strategic product development. Frost &Sullivan’s industry analyst team benchmarks market participants and measures their performance through independent, primary interviews and secondary industry research in order to evaluate and identify best practices.
“We have aligned our strategies to focus on the Indian market needs since the formation of Renesas Electronics India in 2014, and we have positioned ourselves as not just a semiconductor supplier but a solution provider”, said Sunil Dhar, President of Renesas Electronics India. “We have established ourselves as a trustworthy partner and will continue to provide the best solution for our customers with the highest quality and most advanced technology.”
Congratulating Renesas on the award, Satyajit Lele, Best Practices Research Analyst, Frost & Sullivan, said, “Renesas has achieved double-digit growth in the past year and with its robust growth strategies, has exhibited great potential to emerge as a technology leader in India. The company has identified key target segments in the market, and with a view to serve a broader spectrum of customers, has invested in a new facility in Bangalore. The company has launched products that cut across a wide range of high-growth segments like automotive, industrial, and smart homes.”
Lele added, “The Indian electronics industry is now at US$95 billion and is expected to grow at almost 10 percent CAGR over the next 5 years with consumer, industrial, and automotive segments contributing to not less than 65 percent of the total market. Thus, Renesas’ strategic focus on the Indian market is likely to help reap rich dividends in future too.”