PM electric drive amendment explained from 6.20 minutes
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Concall abstracts: Page 3 of 22 : On the current Auto and Non-Auto business
Over the past year, we have taken several initiatives to strengthen our core business while venturing into new opportunities, thereby ensuring sustainable and profitable growth trajectory. Our teams are focused on developing technology-driven components for future needs, including those compatible with alternative fuel solutions like the hybrid, the hydrogen platforms, the CNG, the H-CNG, hydrogen blended CNG as we call it, the LNG, flex fuels and biofuel systems. We believe and we think that all these powertrain technologies along with the traditional ICE and the new age electric powertrain solution will coexist in the long term with an increasing emphasis on the greener alternatives.
With our comprehensive portfolio spanning ICE powertrains, biofuel powertrains and EV powertrains, we are now strategically positioned to navigate across evolving landscapes of the automotive industry, thereby mitigating risks and capitalizing on the emerging technologies.
As it stands, about 50% of our business is derived from the aftermarkets, the exports and the non-automotive segments, which are not likely to be affected by change in the powertrain technologies. We include the truck business also in this segment and if we do that then in the non-automotive space, we build products for applications such as gensets, railways, defense, compressors and specialized products for the export markets including snowmobile and lawnmower applications.
Page 4 & 5 of 22: Future Business outlook
I am really pleased with these results, and I am confident that we will perform to similar kind of figures in the future also.
I am also pleased to share that SPR EMFI is also progressing very well with regards to new product development, operations and setting up of the new facility in Coimbatore.
Moreover, our overall plastics business is also showing a very good promise with regards to new products being developed and the overall growth trajectory that it has been able to achieve in the short term that it has been with us.
Going forward, we will continue to focus on operational efficiencies through digitization and low-cost automation. We are pursuing backward integration, exemplified by our recent acquisition of Karna Intertech, a key supplier of gravity die casting molds used in our piston casting manufacturing. We are also eyeing up multiple opportunities to acquire more businesses which would synergize well with our current business and with our customers’ needs. We are pleased to announce that our new facility in Pithampur will be expanding to
double its existing capacity. Moreover, the new facility in Coimbatore for SPR EMFI is also expected to be commissioned very shortly. Owing to all these initiatives and strategies that we have put in place, we expect to continue our growth momentum while delivering the best result for all our stakeholders.
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