New Delhi, India – 14 April, 2008 – Dassault Systèmes (DS) (Nasdaq: DASTY; Euronext Paris: #13065, DSY.PA), a world leader in 3D and Product Lifecycle Management (PLM) solutions,, and Argentum Engineering Design (AED), an auto component manufacturing and designing firm, have signed a Memorandum of Understanding with the immediate goal to combine their Powertrain expertise for the burgeoning Indian automotive industry.
Dassault Systèmes will contribute to Argentum Engineering Design’s Center of Excellence (CoE) set up at their facility in Surajpur, near Greater Noida. The CoE will bring together Dassault Systèmes’ PLM and AED’s Powertrain expertise to deliver innovative Powertrain solutions for the automotive and other transportation industries.
“In the changing global economy, India is now a major player in the automotive industry. By entering into a formal relationship with Argentum Engineering Design in India and working together at the Center of Excellence, we will provide innovative solutions tailored for Indian customers,” says Christian Nardin, President of Dassault Systèmes Asia.
“India is fast becoming a hub for automotive manufacturing and design. This agreement will drive innovation and enhance efficiency in the Indian automotive industry,” explains BVR Subbu, founder and board member, Argentum Motors Pvt. Ltd.
“In the next few years, India will become a major player in global automotive design. By setting up this Centre of Excellence and partnering with Dassault systemes a unique combination of partnership, AED expects to play an important role in this evolution” said Mr. Ajay Singh Founder and the Chairman of the Board of Argentum Motors Pvt. Ltd.
“The alliance between Dassault Systemes & Argentum Engineering has created that highly skilled profile which the Global customers require to attain integration and innovation platforms," said Mr. S.D. Pradhan, CEO of Argentum Engineering Design.
Dassault Systèmes, a leader in automotive solutions for 27 years, plays a vital role in India’s automobile sector. Major industry players like Tata Motors use its PLM solutions to manage design, engineering and production of their products. Dassault Systèmes also provides solutions to 10 other verticals including shipbuilding, industrial equipment, consumer goods, consumer packaged goods and aerospace industries.