Climate Change Data

Environmental Metrics

ESG Focus Areas

• Sustainability

Environmental Achievements

• Established another vertical which is part of a Global Value Chain (GBV) with an enlarged base and operations in an important and essential geography.
• State-of-the-art plants in Bhiwadi and Manesar are capable of manufacturing world-class equipment.
• ECOFAC Plants at Bhiwadi and Manesar have been conferred the Platinum category by the Green Building Council.
• Successfully installed two rooftop Solar Power Plants of 400 KW and 250 KW in Manesar and Bhiwadi manufacturing units respectively.

Social Achievements

• Contributed ₹7.46 Million for the betterment of society during FY 2021-22.
• Maintained peaceful industrial relations.
• Introduced several health and safety initiatives to enhance the safety and health of its workmen and other associates.

Governance Achievements

• Compliant with all applicable Secretarial Standards issued by The Institute of Company Secretaries of India (ICSI).
• Successfully documented and implemented its Internal Financial Controls (IFC).

Climate Goals & Targets

Environmental Challenges

• Impact of Russia-Ukraine conflict: Disrupted supply chain and increased steel prices and freight costs.
• Impact of COVID-19: Disrupted production and supply.
• Foreign Exchange Fluctuation: Fluctuating and decreasing value of the Indian Rupee.
• Input material: Rising steel prices.
• Decreasing Vehicles Sales: Reducing vehicles sales.
• Change in Customer Behavior: Changes in buyer pattern of the consumers.
• Technology Risk: Need to build R&D competence and an ecosystem.
• Disrupted Supply Chain: Disruption in supply chain.

Mitigation Strategies

• Developing alternate sources of supply of raw material and transportation of material and finished goods.
• Meeting the challenges and the business commitments with the grit and determination of the employees.
• Fixing LIBOR component in total interest rate agreed for the External Commercial Borrowings.
• Improving its operational performance and developing new components.
• Developing clients for engine and transmission components in India and abroad.
• Engaging in intense research and development to switch gears to keep pace with the changing technology.
• Widening its customer base, entering new user segments and spreading operations across geographies.
• Investing in upgrading its technology.
• Sourcing new suppliers and developing alternate carriers and routes.

Supply Chain Management

Climate-Related Risks & Opportunities

Awards & Recognition

• Platinum Award from Indian Green Building Council (Bhiwadi and Manesar units)