Significance of gears in automotive manufacturing industry is paramount. As a matter of fact, there is apparently no other critical component to the performance of an automobile than its transmission, whether automatic or manual. Owing to their high usage in the differential systems of vehicles, automotive gears find major applications across functions. Other factors fuelling the growth of this market include the surge in demand for passenger cars and light commercial vehicles from developing economies, due to the increase in per capita income, standard of living, rapid urbanization, and growing consumer base.
The automotive industry is growing at a significant rate, which acts as a major growth driver for the automotive gears' market. Therefore, the automotive gears market is expected to witness considerable growth in this category in the coming years. According to a recent report, the global automotive gears market is estimated to reach USD 38.32 billion by 2023, registering a CAGR of over 6 percent during the forecast period. Increasing vehicle production and sales, increasing installation of automated parts in automobiles, growing technological advancements, and ongoing industrialization are some of the major factors driving the automotive gears segment. Other factors include the rise in vehicle production, enhanced driving experience in terms of smooth gear shifting and improved acceleration, and surge in demand for low carbon footprint technologies.
However, the rapid growth of the electric industry is anticipated to hinder the growth of the automotive gears' market. The penetration of electric vehicles is low at present, constituting only a fraction of the total vehicle sales.
The Asia Pacific is expected to be the largest market for automotive gears over the forecast period. The automotive gears in the APAC region are majorly fuelled by the increasing demand for vehicles used for personal transportation. The automotive gears are broadly classified into two types. While automotive gears can be manufactured from a wide range of materials using metallic and non-metallic materials, the material selection for manufacturing these products is based on factors such as reliability, precision, load capacity, and durability. Customers look for quality gears and shafts that would not only meet their requirements but also help in increasing efficiency, fit their budgets, and cost-effective solutions that meet global standards.
This is where Rajkot-based Synnova Gears & Transmissions is worthy of acknowledgment.
Synnova offers quality gears and shafts for farm equipment, automotive and heavy industries. Synnova manufactures a complete range of transmission products for tractors, trucks, off-highway vehicles, windmills, industrial applications, and components for these vehicles right from the engine to wheel, hubs, shafts, etc.
The Winning Edge
Synnova's unflinching commitment to excel by achieving customer delight has pegged it many accolades and recognitions. The Company has also been awarded 16949 & ISO 9001:2008 certifications by IATF.
Its product development team has developed more than 1215 gears during last 10 years and has robust development pipeline to meet ever-demanding customer needs.
State-of-the-art manufacturing facility
Spread across an area of around 22000 square meters and coupled with cutting-edge technical expertise, the Synnova state-of-the-art manufacturing facility provides quality products and cost-effective solutions benchmarked with the global standards. Formed mainly with two positive indicators of success – 'Synergy and Innovation', Synnova Gears & Transmissions possesses Innovation and customization at the heart of every product and service it delivers.
Equipped with the right know-how and right quality of equipment
The OEM Customers today expect system and quality management of the equipment, which are well equipped at Synnova with the right know-how and right quality of equipment. By leveraging its rich repertoire of experience, best technology, and
skill sets, Synnova offers products and services that not only meet the clients' specific requirements but also the clients' budget as well without compromising on quality. Be it any gear design for any industry, Synnova Gears & Transmissions delivers the best gear at the right time and this is one of the core competencies that differentiate the company from the other players in this landscape. Other factors such as timely delivery, impeccable service, in-depth understanding of operations, value engineering, & value analysis, customization capabilities are also some of the differentiating factors that make the company stand out from the crowd.
Synnova's product solutions are supplied to both Indian and international companies for automotive, farm equipment, and several other industrial applications. Some of the key industries the company caters to include Heavy Industries, Earth moving Equipment, Wind Energy, Construction, Plastic and Sugar Industries.
Tie-ups with leading companies across the world
Some of the factors that facilitate in manufacturing of high-quality products and services include comprehensive facilities, advanced technologies, experienced and dynamic management, complemented by world-class infrastructure. Keeping pace with fast-changing technology, Synnova Gears & Transmissions has tied up with leading companies across the world to develop world-class infrastructure and become a business leader in the gear manufacturing market.
The Synnova facility comprises globally benchmarked divisions covering the entire spectrum right from product development to dispatch, which enables the company to provide accelerated development plus services, such as reverse engineering to aid indigenization programs.
An Employer of Choice
The Company presently employs 950 employees and believes in empowering women employees in all its functions. Synnova's HSE policy has been designed to attract best talent and includes essential facilities like staff buses, employee canteen & recreation, ambulance, health benefits, insurance cover, PF etc.
Energized talent, cutting-edge technology
From design to delivery, quality enhancement to cost reduction, Synnova brings together energized talent and cutting-edge technology to provide unmatched value.
“We believe in pursuing excellence at all levels. Hence, we invest in R&D and upgrade our product & process efficiencies by implementing practices that align with the highest International standards. Our team is our driving force. We bring together the best-in-trade talents with experience in varied fields such as heat treatment, zinc plating, heavy engineering, material technology, and material sourcing. Guided by industry experts who have led various top gear organizations and leveraging the knowledge pool, we aim to provide gear solutions across geographies” affirms Suresh Vekaria.
The Road ahead
Having carved a niche for itself in the Gears manufacturing segment, Synnova is currently working on a few core sharp edges such as the best in class heat treatment, best and fast product development, rebuilding of machines, fast and responsive service and system management.
We are one of the fastest-growing companies in our segment owing to core edges which are sharper compared to our competitors, attracting many OEM businesses in our portfolio. We started in 2010-11 with a small team of 40 people and today, we have 1000 people strength. We received the 'India SME 100 awards 2020' from the government of India
Moving ahead, the company aims to achieve a turnover of Rs 1500 Crore in the next 10 years and has invested in a 16- acre land area additionally for expanding its manufacturing facility. Synnova is also in the process of establishing tieups with European and American companies for product manufacturing suitable for electrical cars as it seems to be the future in automotive.
Synnovating The Automotive Gear Market
• Empowerment Culture
• Responsive & Result oriented
• Value Creation
• Continuous Improvement
To provide innovative Solutions by synergizing Talent for everlasting customer success
To provide Best in Class Quality of Gears to Customers & become 1500 Cr. Company by the Year 2030
Enhancing the innovative ability to optimise the costs and augmenting the customer delivered value by amalgamating the manufacturing synergy, financial synergy and marketing synergy are the most important levers to increase profitability and growth. For Synnova, this amalgamation of innovation and synergy is synnovation. The expertise, experience and excellence of the team Synnova has established Synnova as one of the top10 gear manufacturers in the industry.