Notes
- Reduction gears go into EV. EV parts we started recently. Some assembly, some lose parts. Every month we do 500-600 parts. 800K parts a month Volume.
- 26 acre of land in gajraula. Unit 2 in Noida.
- RACL Geartch gmbh office in austria. 2 people. Last mile support.
- Bikes: BMW, KTM, Piagggio, Yahama, TVS, kawasaki
- For PV: BMW, Porsche, ZF.
- 2W: 50%, tractor: 20%, ATV: 18%, 5% Industrial, PV etc
- SOP of BMW EV scooter parts sta
rted at customer end.
- ZF & MAN sample submission going smooth. SOP (start of production) to start in June 2022. RACL production will start in Feb 2022.
- Undergoing business discussion with EV scooter maker. Major German car manufacturer for steering & suspension parts.
- 96% come from ICE. 1% from EV. 3% from chassis.
- FY23: EV: 4%, Chassis & suspension: 8%, 88% ICE.
- Quality is a way of life: Quality starts here: people, way we think, way we work, follow the processes, We take care of our people, provide them good infra to work over there, even in peak summer temperature, AC workshops, best technology, well groomed workforce, duly supported by systems, following written guidelines & systems. Drive-train: kinematics.
- For a fuel ICE engine: 1 motorcycle; 140$ : 10k INR. for EV package is still is around 11k rupees.
- Technology edge: Customer wants solution under 1 roof. Precision gear is complex product. Plethora of processes. RACL has been unique in defining our strategies in last 10 yr. We invested in global technology, completely integrated setup under the roof. Can produce gear under any processes. Produce gear for 3W as well as aircraft.
- Large # of parts have small to mid volumes. 800 different parts. Not all 800 are produced every month. 100 pieces of X in month 1. So we have to maintain minimum inventory of each part. Premium segment niche market volume are very limited.
- Product costing has built in feature for higher inventory.
- Clear roadmap for 500cr revenue. Tied up + advanced stage of serious discussions is already 500cr revenue.
- Kubota has done strategic alliance with escorts. Big opportunity for RACL. Will increase our domestic market presence. 30-35% domestic, 60-65% exports.
- Took 3 years to test the BMW EV. 1st big product launch with them.
- Europe Lockdown is only for pub & restaurant. So lockdown is not impacting RACL european customers.
Disc: Invested, biased.