Climate Change Data

Environmental Metrics

Environmental Achievements

• Reduced energy consumption through solar plant installation and other initiatives, resulting in approximate savings of Rs. 83,37,600.

Social Achievements

• Refurbishment and addition of technologies to workplaces; implementation of 5S and Kaizen initiatives; conducted multiple training sessions on prevention of sexual harassment at workplace; improved employee relations.

Governance Achievements

• Appointment of new Independent Directors; formal annual evaluation of Board performance; compliance with Secretarial Standards; established Vigil Mechanism/Whistle Blower Policy.

Climate Goals & Targets

Environmental Challenges

• Geopolitical issues affecting commodity markets and global growth prospects; elevated commodity prices; stubborn inflation in the western world and increased interest rates potentially impacting export demand.

Mitigation Strategies

• Successfully passing on commodity price increases to customers; focusing on exports and the EV market; exploring business in the EV space through collaborations/JVs/technical tie-ups; negotiating better terms with bankers, suppliers & associates.

Supply Chain Management

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• Production of axles and gearboxes for EV applications; electric two-wheel gearbox ramp-up; electric two-wheel chassis and other parts.