Climate Change Data

Environmental Metrics

ESG Focus Areas

• Business Ethics
• Product Responsibility
• Well-being of employees
• Stakeholder engagement
• Human Rights
• Environment
• Public Policy
• CSR
• Customer relations

Environmental Achievements

• Reduced specific power consumption significantly through various energy saving projects and implementation of IOT based ‘Energy Management System’
• 82.2% of total energy requirement drawn from renewable energy sources (Solar & Wind Power)
• Transitioned all major product lines to comply with BS VI emission standards

Social Achievements

• Provided subsidized food, transportation, and uniform to all employees
• Established Occupational Health Centers (OHC) available 24/7
• Provided Mediclaim policy coverage for employees and their families
• Provided crèche facility for employee's children
• 72% of permanent employees and 100% of casual/temporary/contractual employees received safety & skill up-gradation training

Governance Achievements

• Implemented a dedicated Ethics helpline for stakeholder complaints
• Established a Whistle Blower policy
• Implemented a Code of Conduct to regulate, monitor and report trading by insiders
• All policies are in compliance with national/international standards wherever applicable

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions (implied, not explicitly stated)

Mitigation Strategies

• Exploring ways to exit a subsidiary in Indonesia that is yet to start operations
• Engaging with suppliers through various channels to ensure compliance with ethical and compliance standards

Supply Chain Management

Responsible Procurement

• Ensuring suppliers are certified under ISO 14001 standards
• Encouraging suppliers' proximity to plants
• Providing training and support to improve supplier productivity and quality

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: National Voluntary Guidelines (NVG) on Social, Environmental and Economic Responsibilities of Business, 2011

Certifications: ISO 14001:2015, ISO 45001:2018, IATF 16949:2016, ISO 9001:2015

Sustainable Products & Innovation

• BS VI compliant products with reduced heavy metal usage and lead-free soldering

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Increased renewable energy share from 82.2% to 98.3%

Social Achievements

• Achieved ‘Great Place to Work’ certification
• 100% employee vaccination
• Extended financial support to employees and communities impacted by the pandemic

Governance Achievements

• Constituted a Risk Management Committee

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic impact on the automotive sector
• Supply chain disruptions
• Volatility in raw material prices
• Increased competition

Mitigation Strategies

• Implemented austerity measures
• Cost compensation provisions with customers
• Investment in new products and quality control
• Focus on aftermarket and export business
• Development of advanced technologies

Supply Chain Management

Responsible Procurement

• Encouraging suppliers proximity to plants
• Ensuring suppliers are certified under ISO 14001 standards
• Training and support for improving supplier productivity and quality

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: National Voluntary Guidelines (NVG) on Social, Environmental and Economic Responsibilities of Business, 2011

Certifications: ISO 14001:2015, ISO 45001:2018, ISO 9001:2015, IATF 16949:2016

Sustainable Products & Innovation

• Improved Regulator rectifiers
• Reduced wiring harness gauge
• Limited use of heavy metals
• Lead-free soldering

Awards & Recognition

• Great Place to Work

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Reduced energy consumption per Standard Unit of Production to 0.80 EU
• Implemented various energy conservation measures (air-cooled centralized chiller, optimized blower motor, servo power pack, thyristor controllers, solar park)
• Implemented waste minimization strategies (servo control nozzles, inverters for winding machines, app-based audits, reusable trays, magnetic sweepers)
• Enhanced Sewage Treatment Plant (STP) capacity and efficiency, utilizing treated water for gardening
• Developed two Miya Waki forests (13.2 acres, 4,500 saplings, 49 plant varieties)

Social Achievements

• Achieved ‘Great Place to Work’ certification for the third consecutive time
• Implemented various employee wellbeing initiatives (simulation-based training, post-joining feedback, health awareness programs, master health check-ups, environmental awareness programs, corporate sports events, yoga classes, blood donation camps, eye camps)
• Contributed ` 93.57 Lakhs towards CSR activities (education, health & sanitation, women empowerment, heritage preservation)

Governance Achievements

• Established a robust internal financial framework, including Internal Controls over Financial Reporting and anti-fraud framework
• Complied with corporate governance requirements under the Companies Act and SEBI Listing Regulations
• Maintained a strong corporate governance framework that promotes transparency, accountability, and ethical conduct

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions
• Increased prices of critical raw materials
• Deterrents in new product development
• Overall price volatility
• Limited growth in the Indian two-wheeler market
• Challenges in the Indian auto component industry growth
• Subdued demand for two-wheelers due to rising inflation and high acquisition costs

Mitigation Strategies

• Meticulous planning to achieve modest growth
• Strategic reorientation of the company
• Diversification into other product lines
• Advancements in products related to the EV segment
• Expansion at Hosur, Puducherry, and Rewari facilities to increase production capacity
• Global technical tie-up for Electronic Fuel Injection (EFI) technology
• Expanding customer base and reaching new markets
• Optimizing costs and elevating export efforts

Supply Chain Management

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• EFI controllers
• ISG controllers
• EV motor controllers
• DC-DC converters
• Displays and instrument clusters
• Sensors

Awards & Recognition

• Great Place to Work

Environmental Metrics

ESG Focus Areas

• Sustainability
• Environmental Stewardship
• Employee Well-being
• Community Development
• Governance

Environmental Achievements

• Reduced energy consumption per standard unit of production to 0.66 EU
• Reduced hazardous waste generation
• Implemented rainwater harvesting systems
• Increased utilization of renewable energy to 9.20%

Social Achievements

• Certified as a ‘Great Place to Work’ for the 4th consecutive time
• Implemented various employee engagement activities
• Conducted training programs for employees
• Contributed ` 95.96 Lakhs towards CSR activities

Governance Achievements

• Established a robust internal financial framework
• Formed a Risk Management Committee
• Complied with corporate governance requirements

Climate Goals & Targets

Environmental Challenges

• Economic fluctuations
• Overdependence on key customers
• Talent retention and attraction
• Rapid technological advancements
• Intense competition
• Supply chain disruptions
• Stringent regulations

Mitigation Strategies

• Proactive business environment assessment
• Market reach enhancement through partnerships and export opportunities
• Branding efforts and enhanced training programs
• Strategic technology partnerships and R&D investment
• Technological prowess, strategic partnerships, and innovative solutions
• Strategic sourcing plans and in-house winding machine
• Robust compliance mechanism and open communication with regulators

Supply Chain Management

Responsible Procurement

• Sustainable sourcing

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: BRSR

Certifications: ISO 9001, ISO 14001, ISO 45001, IATF 16949

Sustainable Products & Innovation

• DC-DC Converters
• ISG Systems
• FWM components
• Lead-Free Soldering Wire
• Electro Static Filter
• Fume Killer

Awards & Recognition

• Great Place to Work