ERP company QAD of US eyes Indian auto parts industry

US-based ERP (Enterprise Resource Planning) software company QAD is planning to tap into India’s auto components industry which has registered a CAGR (compounded annual growth rate) of 10% in the last 5 years. Globally, QAD provides their services to auto parts suppliers like Cummins, Autoliv, Dura but in India, the company has so far been catering to the local businesses of its global clients. Now QAD is targeting the top 200 Indian auto component makers to expand its cloud-based solutions business. To further its interest, QAD has entered into an agreement with IT services companies Tata Consultancy Services and Thirdware to implement its solutions for Indian customers. QAD has recently modified its ERP software and will be using India as a base for localising its solutions for the needs of not only the Indian market but would also cater to multiple other countries.

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