2. Create Foundation of Independent Region: Crafting the Next (separate from Asia Region)

[1] India becomes Independent Region

India Region coming into its own with new CEO

India Socio-Political and Economic Situation

Since 2021, India has led as the world's fastest-growing economy, surpassing China in population share to become the most populous country by 2023, with projections indicating a staggering 1.6 billion by 2050. With an average working age of 28.5 years, India embodies a dynamic workforce driving innovation. Amidst this demographic surge, shifts in major sectors like food and transport are evident, spurred by a burgeoning middle class.

DENSO’s Thinking way as Independent India Region:

1. “Business Restructuring” for CASE, *Connected, Autonomous, Shared, and Electric”
2. “Challenge to New Era”: Pillars of Growth (Non-mobility)
3. Leveraging India's Strengths of IT Software Resources
4. Regional Strategies to realize “Sustainable Environment” for the Next Generation

“Business Restructuring” for CASE

DENSO is actively preparing for the future of mobility through its CASE (Connected, Autonomous, Shared, and Electric) strategy. To this end, DENSO is focused on strengthening its CASE business foundation by collaborating closely with government bodies, customers, and suppliers. Proactive initiatives are underway to kickstart electrification efforts, ensuring that DENSO remains at the forefront of the evolving automotive landscape.

New pillars of growth (non-mobility)

As DENSO explores new avenues beyond traditional mobility, it is prioritizing the development of solution-based businesses. This includes leveraging data analysis expertise from its Lean Automation (LA) business to drive innovation in priority areas such as India's cold chain sector. By commercializing solutions tailored to cold chain logistics in India, DENSO aims to establish a foundation for broader market solutions applicable to both industrial and automotive sectors.

Commitment to Achieve Both ‘So-shiage’ and BEV/ ADAS/ New Domain Areas

DENSO's focus is on achieving both "So-shiage" (Consolidation) and expanding into new domains such as BEV and ADAS. The company acknowledges the significance of "So-shiage" products for its sustained profitability until the end of product life. As a result, DENSO plans to take the initiative and boldly challenge itself to create quality foundations through traceability systems while enhancing productivity through add-ons and automation activities.

Create Breakthroughs for Sustainable Growth

DENSO aims to create breakthroughs for sustainable growth by “changing mind to outward orientation” and strengthening external collaborations. This includes improving earning power through Monozukuri (manufacturing) foundation enhancement and business profitability transformation with a target of 10% profit by 2025.

Entry into the Conglomerate

DENSO plans to diversify its business portfolio in both mobility and non-mobility by collaborating with partners. This includes strengthening software (SW) development capabilities to contribute globally by clarifying goals and results for technology originating from India.

The Building Blocks of a Software and Automation - Human Resources

DENSO recognizes the importance of software development and aims to strengthen its capabilities in this area to contribute globally. The company's vision is to clarify goals and results for technology originating from India, making a significant impact in the world of technology.

DENSO plans to participate in ADAS (Advanced Driver Assistance Systems) software development required by Indian regulations, establish an organization by the fiscal year 2023, and contribute to clarifying India's requirements and ADAS optimization on behalf of understaffed DNJP by the fiscal year 2027. The company aims to expand its software development activities outside of mobility by the fiscal year 2028, leveraging India's strengths in software engineering.

To achieve this vision, DENSO has laid out a plan to enhance its software engineering team with 110 members by the fiscal year 2030, leveraging India's strengths. The company is committed to investing in the training and development of its team members to ensure that they have the necessary skills and expertise to meet the demands of the software development industry. DENSO's vision is to create a team that is capable of developing cutting-edge software solutions that will have a significant impact on society.

Fearlessness Comes from Knowledge and Planning: Future Strategy and Policy for India

DENSO's future strategy and policy for India is formulated against the backdrop of India being the fifth largest and fastest-growing economy in the world, with an average projected growth rate of over 7.0% GDP in 2021-2025. DENSO's future plans for India have the following key pillars:

Regional Strategies

Sustainability Management for Society based on ‘Green’ and ‘Peace of Mind’ and ‘Inspiring’ Action in-line with LTP 2030:

1.Carbon Neutral:
The vision is to create a sustainable future for our children and for the next generations to come.
To achieve this vision, we are committed to partnering with stakeholders for the stable and affordable procurement of renewable energy.

2.Air Pollution Prevention:
We envision improved air quality in exhaust emissions and working spaces, employing innovative solutions to combat air pollution effectively.

3.Waste Management:
As a responsible leader, DENSO prioritizes waste management and water conservation, towards resources conservation, in the future offering innovative products and services for societal benefit while ensuring efficient resource utilization.

Improving DENSO's presence Presence in India - by By Anticipating the ‘Next Big’ change: Future of Mobility Pollution with Prevention (EV), Safety, and Social Needs.

DENSO is poised to elevate its presence in India by anticipating the next significant shift in the future of mobility, particularly focusing on pollution prevention, safety, and addressing social needs.

Demonstrating DENSO’s strengths and advantages with clarity of Technology and Skill after combining Indian & Japanese passion. Leading the charge as a premier company, delivering services and products that pledge to society.

Building a Better Future Together

DENSO's future plans for India are more than just a commitment to business growth; they are a commitment to sustainability and a better world. As one of the world's leading manufacturers of advanced automotive technology, DENSO is dedicated to reducing the environmental impact of its products while ensuring the safety of drivers and passengers. The company's focus on the environment includes a target of achieving a carbon-neutral Carbon - Neutral society by 2035 through the use of renewable energy sources, less emission products, and reduced energy consumption.

DENSO's commitment to sustainability is not limited to the environment. The company is also dedicated to creating safe and comfortable driving experiences for all. This commitment is reflected in the company's goal of zero traffic fatalities, achieved through the popularization of safety products and the creation of comfortable driving spaces. DENSO's innovative approach to business and its commitment to creating a better world for all through technology and collaboration make it a leader in the automotive industry. With its flexible and sustainable approach, DENSO is poised to continue making a positive impact on society in India and beyond.

Poised for a Bright Future:
“Let's create a future where children can continue to have dreams & smiles.”
~ Under the Leadership of Region CEO – Mr. Yasuhiro Iida