OUR BUSINESS
We are one of India’s leading automotive technology companies engaged in designing, developing, manufacturing and supplying highly engineered powertrain solutions catering to automotive original equipment manufacturers (“OEMs”) in United States, Europe, India and the Association of Southeast Asian Nations (“ASEAN”) region.
We are a fully integrated powertrain systems provider offering comprehensive solutions for designing, prototyping, validating, developing, and delivering system-level powertrain solutions for both electric as well as non-electric powertrains.
Our products find application in two-wheelers, performance automotive, e-bikes, off-road vehicles, electric and hybrid cars, heavy duty vehicles, and electric vertical take-off and landing (“eVTOL”) categories.
We cater to requirements of our global customers such as BMW AG (“BMW”), Ducati Motor Holding S.P.A. (“Ducati”), Enviolo International Inc (“enviolo”), Formula Motorsport Ltd (“Formula Motorsport”), HUMMINGBIRDEV Inc. (“Hummingbird EV”), HWA AG (“HWA”) and leading global electric bicycle (“e-bike”) manufacturers and other mobility applications such as aerospace.
We are among the few companies globally that addresses the requirements of the premium ICE and performance ICE segment that require high-performance transmission systems capable of handling tough torque needs while keeping components lightweight.
We are a technology and innovation driven company and have made significant investments into our in-house design and engineering capabilities as well as forging technology partnerships with global players to enhance our expertise and product offerings.
We are recognized for our leadership in the development and production of continuously variable transmissions (“CVT”), electric vehicle (“EV”) transmission, electric motors, integrated drive units and gear sets.
We were among the first companies in India to capitalize on the global e-bike powertrain opportunity and have a distinct first mover advantage in this industry. We are the only player manufacturing and exporting CVT hubs to global e-bike OEMs from India, and are the only manufacturer of integrated electric powertrain products for e-bikes in India.
Our operations are organized into: (i) Powertrain Solutions; and (ii) Alloys and Metallics (“A&M”) business segments. Powertrains are integrated systems designed to propel a vehicle by converting energy into motion.
They include the engine or motor, energy storage systems, the transmission, driveshaft, and other related components that work together to deliver power to the vehicle’s wheels.
Our Powertrain Solutions segment is operated as two sub-units based on end applications served, namely, Gears and Transmissions (“G&T”), serving a wide range of
automotive and other mobility applications, and Bike Powertrain (“BPT”), focused on the applications for the micromobility sector, i.e., small, lightweight vehicles like e-scooters, bicycles, and e-bikes used for short-distance travel in urban areas and caters to leading global e-bike manufacturers.
Our A&M segment is engaged in providing sheet metal and tubular assemblies and component solutions, primarily to automotive OEMs. Our strategy has been to focus on continuous value addition and development of complete systems by utilizing advanced technology to deliver e-mobility solutions to customers.
We have a diversified product portfolio catering to EVs and internal combustion engine vehicles (“ICEs”). Products in our G&T and A&M segments are powertrain neutral, catering to EVs, ICEs, and hybrid vehicles. Our BPT segment caters exclusively to the EV market which is expected to grow with increasing electrification.
- Powertrain Solutions: Gears & Transmissions.
- Powertrain Solutions: Bike Powertrain.
- Alloys and Metallics (“A&M”).
Our global OEM portfolio includes a wide range of customers, spanning both automotive and non-automotive sectors. In the automotive sector, we collaborate with global two-wheeler OEMs including BMW, Ducati, and Hero MotoCorp; players from motor sportindustries such as Formula Motorsport and HWA Engineering; global commercial vehicle and off-road OEMs such as Escorts; and enviolo.
OBJECTS OF ISSUE
- Repayment/prepayment, in full or in part, of certain outstanding borrowings availed by our Company.
- Capital expenditure of our Company through purchase of equipment required for expansion in capacity of our Gautam Buddha Nagar, Uttar Pradesh facility.
- Funding working capital requirements of our Company.
- General corporate purposes.
Qualitative Factors
- Among India’s Leading Solutions Provider to Global E-Mobility Industry backed by Diversified Product Portfolio .
- Growing Market Presence in the Electric Bikes and Premium Two-Wheelers Segments.
- Longstanding Relationships with Premier Global Original Equipment Manufacturers and Expertise in Delivering Solutions.
- Advanced Infrastructure with Geographically Diverse Operations.
- Strong Research and Development Capabilities and Long-Term Partnerships.
- Legacy of Diverse Growth, Experienced Management Team and Strong Corporate Governance
Comparison with Listed Industry Peers
- CIE Automotiv e India Limited.
- Endurance Technologies Limited
- Sona BLW Precision Forgings Limited
- UNO Minda Limited.
- Varroc Engineerin g Limited.
