In conversation with Mr. Arvind Joshi, Wholetime Director, CFO and Company Secretary, Sandhar Technologies Ltd., on what drives his Rs. 20 billion worth company to constantly pursue new opportunities emerging out of disruptive megatrends and its ways and-means to embrace sustainability in auto component manufacturing.
The process of evolution takes a company on to great things. Sometimes, its journey may make sense, while at other times, its story may simply surprise you. I recently came across a 31-year long story of a home-grown auto parts company that stormed my mind with awe. Its narrative took me back in time, but also gave me a glimpse of what this company grasps for future! What this company has grown into across its timeline is simply staggering, beginning its day one as a sheet metal components supplier centred on a local OEM back in 1987 to become a multifaceted manufacturing house involving diverse range of products across vehicle segments.
The story of Sandhar Technologies is indeed a classic example of successful business partnerships making silent revolution in the Indian auto components industry, by strengthening domestic design and manufacturing competence. For instance, the company is the world’s largest supplier of two-wheeler locks, which stacks up almost 21.1 per cent of its total revenue. It also holds a 28 per cent global market share in manufacturing seatbelt spool for passenger cars. While about 58.1 per cent of the company’s revenue pie accounts for its two-wheeler products portfolio, some 33.6 per cent is attributed to that of four-wheelers and construction equipment (CE) that involves a variety of metal stamping and die casting components among others.
That’s not all. With 40 manufacturing facilities across India and abroad, Sandhar is said to be investing significantly in developing new product lines in line with market trends and consumer preferences of the future. This includes new plastic mouldings, zinc and magnesium die casting, fuel pumps and filters, and helmets to name a few. Undeniably, Sandhar Technologies is one such behemoth player transforming the local auto parts industry in the country.
Making priorities right
This story is from the February 2019 edition of MOTORINDIA.
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This story is from the February 2019 edition of MOTORINDIA.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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