(hereinafter referred to as "Shanghai TOSUN Technology Ltd"), a leading brand of domestic independent controllable automotive bus tool chain, announced that it has signed ANCIT as its distribution agent in India, ANCIT is a leading engineering tool service provider. The successful signing of this overseas agent signifies the significant expansion of TOSUN to overseas market, and it is expected to become the leader of bus tool chain industry.
Part 01 ：Entering the overseas market
The Indian economy has been growing faster and faster in recent years, and the past 2022 has seen a major explosion in the Indian automotive industry. The $222 billion automotive industry is expected to reach $300 billion by 2026. According to the data, at least 4.25 million vehicles were sold in India in 2022 and by 2030, India is expected to be the third largest automotive market in India based on sales. India aims to double the size of its automotive industry to INR 15 trillion by the end of 2024.
Part 02: About ANTIC
Founded in 2007, ANCIT is a global engineering services provider for leading companies in the semiconductor, automotive, defense and aerospace industries and is India's preferred AUTOSAR consulting and training partner. The core business focuses on AUTOSAR development, integration and training services, automotive and embedded verification services, custom tooling and IDE development support with over a decade of quality delivery. ANCIT has grown to over 100 partner organizations and has become the technology partner of choice for OEMs, Tier -1 and Tier -2.
Part 03: The explosive opportunities
With the arrival of the era of "software-defined cars", software upgrade development drives the iterative development of the automotive industry, the development and design of automotive electronic tools, covering the entire life cycle of more than 300 million cars in China, automotive electronic design and development tools usher in a great explosive opportunity.
Since its establishment, TOSUN has been taking "Engineer Everything to solve all engineering problems" as its vision. The core product, TSMaster bus tool chain software and supporting hardware devices, has been recognized by more than 3,000 OEMs and Tier 1 customers worldwide. In addition to deepening services in the automotive field, we are also actively expanding other application scenarios of our tool chain products, which provide many possibilities for horizontal integration in the industry with its openness and compatibility.
Part 04: Win-win cooperation
As a leading brand of domestic autonomous controllable automotive bus tool chain, TOSUN has huge domestic and international market potential, and its service customers cover traditional vehicle manufacturers such as SAIC, FAW and BYD; new car makers such as Azera, XPeng and RISO; component companies such as Bosch, Continental, UMC and CATL; driverless companies such as Baidu and Pony Travel, etc. The successful signing with ANCIT is a double-wheel drive to build a new generation of industrial software made in China and a global leader under the realization of potential user incubation + overseas user expansion by TOSUN Technology.