Our Business Segments

We have three business segments, namely, our Automotive - Powertrain and Others segment, our Automotive —
Aluminium Products segment and our Industrial and Engineering segment. Our business segments are as set out
below:

 

Business Segments

 

 

 

 

 

 

 

 

 

 

Automotive - Powertrain Automotive — Aluminium Industrial and Engineerin
and Others Products e 8
t
ea Ee ee 1
+ 4
High End Sub-assembly, Contract
Menufacturing & Others
1 inium -Casting for power Storage Sehations&

   

Material Handling

smission

 

Toolroom & Mould tase

 

 

 

 

 

For our segment wise revenue, percentage of growth in revenue compared to the previous Fiscals, percentage
contribution to our revenue by our segments and EBIT for Fiscals 2020, 2019 and 2018, see “— Overview” on
page 168.

Automotive — Powertrain and Others

Our products in our Automotive — Powertrain and Others segment are highly engineered and require advanced
manufacturing processes to maximize end user performance, with end users including OEMs producing
commercial vehicles, special utility vehicle, tractors and off-highway vehicles. Our key products in our
Automotive — Powertrain and Others segment include engine parts such as cylinder block and cylinder head,
camshafts, transmission parts, gear box housings, turbo charges and bearing caps.

Growth drivers in the Automotive — Powertrain and Others segment include the implementation of BS VI emission
norms by the Government of India in April 2020, focus on infrastructure, commissioning of dedicated freight
corridors, implementation of GST and market potential for automobile manufacturers. Commercial vehicles,
tractors, small utility vehicles and construction equipment account for about 30%, 21%, 42% and 7% of the total
market share powertrain and transmission products. The domestic sales for commercial vehicles segment,
passenger vehicles segment and tractor segment are expected to grow at 5% to 7% CAGR, 5% to 7% CAGR and
4% to 6% CAGR, respectively, during Fiscal 2020 to Fiscal 2024, while the powertrain sector is expected to grow
at 12% to 14% CAGR during the same period. (Source: CRISIL Report)

The capabilities we use in our Automotive — Powertrain and Others segment include design and development,
precision machining and assembly (including CNC machining, laser heat treatment, assembly, testing, etc.),
finishing and others.

Within our Automotive — Powertrain and Others segment, we undertake machining services and product sales,
and cater directly to domestic and export markets, and our key customers include Daimler India, Tata Motors,
Tata Cummins, Mahindra & Mahindra, Simpson & Co. Limited, TAFE Motors and Tractors, Escorts, Ashok
Leyland, Perkins, Nelcast, Mitsubishi Heavy Industries, John Deere and JCB India.

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