Launching Automotive Engineering Business with Tech Mahindra in Japan

To promote the automotive engineering business in Japan, Sumitomo Corporation (Head Office: Chiyoda-ku, Tokyo; Representative Director, President and Chief Executive Officer: Masayuki Hyodo) has established SCTM Engineering Corporation (hereinafter, “SCTM”) jointly with a global engineering service provider, Tech Mahindra Limited.

The automotive industry is undergoing the kind of changes that occur only once in a century. With the expansion of CASE¹ areas, automotive design and development is becoming more complicated and diverse. Cooperation with external partners is expected to be increasingly important and demand for automotive engineering services will further increase.

Tech Mahindra has supported development in communications, financial, aviation, medical, and other industries around the globe. The company has rich experience with development in the field of automotive engineering, primarily for customers in Europe and North America. Tech Mahindra has the world’s cutting-edge knowledge and expertise not only in the area of software but also in hardware, so it can respond to a broad range of customer needs.

SCTM is an engineering company that has both Tech Mahindra’s global-level engineering capability as well as Sumitomo Corporation’s extensive customer network and ability to provide fine-tuned responses to customers. The new company aims to provide automotive manufacturers and other customers with advanced development services based on its full support system to expand the business.

Sumitomo Corporation has established SC Automotive Engineering Co., Ltd. (SCAE), in August 2020, and started Automotive Engineering services. SCAE will stimulate diverse latent demand in a wide range of industries and solve issues together with partners who have the appropriate engineering functions. Meanwhile, as a core partner of SCAE, SCTM will provide rich resources and achieve high cost competitiveness engineering service through offshore development.

Sumitomo corporation will capture increasing demand for automotive engineering and contribute to the development of the automotive industry based upon SCTM and SCAE.

¹CASE, which stands for “Connected, Autonomous, Shared & Services, and Electric,” is a term coined to express the phenomena behind the big changes in the automotive industry.

■Reference

Corporate profile of SCTM Engineering Corporation

Corporate profile of Tech Mahindra Limited

Corporate profile of SC Automotive Engineering Co., Ltd.

Sumitomo Corporation’s Material Issues

Sumitomo Corporation Group positions “Six Material Issues to Achieve Sustainable Growth with Society” as an important factor in developing business strategies and in the decision-making process for individual businesses. Going forward, we will pursue sustainable growth by resolving these issues through our business activities. This project especially contributes to the following material Issues.

Achieving Harmony with the Global Environment

To realize recycling-oriented society and mitigate climate change, we are working to establish frameworks for the efficient use of resources and stable supply of renewable energy. In doing so, we will achieve growth in harmony with the global environment.

Contributing to the Development of Local Communities and Industries

We steadily procure and provide goods and services to meet the needs of people in various countries and regions and contribute to developing industrial platforms. Through these means, we will create a virtuous cycle in which we can grow and develop together with local communities.

Establishing a Foundation for Comfortable and Enriching Lifestyles

We strive to realize more convenient and comfortable lifestyles by providing goods and services for daily use while also responding to needs for high-quality lifestyles in order to support the physical and mental health of people around the world.

Providing Diverse “Accessibility”

We provide diverse accessibility to open up the possibility of creating new value. To this end, we will improve mobility for safe and efficient flow of people and goods, and expand the network connecting information and finance.

Developing Human Resources and Promoting Diversity

In order to create new value and innovation by allowing our diverse personnel to fully exercise their abilities in a variety of fields, we will promote the development and empowerment of human resources, which represent our most important management resources.

Enhancing Governance

We will enhance our ability to draft and implement strategies for achieving sustainable growth and to provide appropriate supervision of these strategies, all while maintaining transparency. In this manner, we will improve management efficiency and maintain sound management.