### **Company Overview** Shivam Autotech Limited (SAL) is a leading Indian manufacturer of precision auto components, established in 1999 and hived off from Munjal Auto Industries Ltd in 2005. The company is part of the prestigious Satyanand Munjal Group and is headquartered in Gurugram, Haryana. With over two decades of experience, SAL has evolved into a strategic supply chain partner for major automobile OEMs and Tier 1 suppliers across domestic and international markets. SAL operates four manufacturing facilities strategically located in **Gurgaon, Haridwar, Bengaluru, and Rohtak**, enabling proximity to key customers and facilitating export operations. The company employs over **3,000 people** and adheres to core values of Respect, Integrity, Passion, and Excellence. --- ### **Core Business & Product Portfolio** SAL manufactures a wide range of high-precision automotive and engineering components: - **Transmission components**: Gears (ring gears, pinions), shafts, differential gears - **Electrical systems**: Components for alternators, starter motors, magneto systems - **Steering systems**: Technology-agnostic steering parts for ICE and EV platforms - **Precision-forged engineering parts** - **EV drivetrain systems**: Gearboxes, differential axles, braking systems - **Non-automotive products**: Industrial gears, aerospace components, wind turbines, home appliances, and power tools Approximately **98% of revenue** is derived from the automotive sector, with **66%** attributable to gear and transmission components in FY25. While the company remains deeply integrated with the **two-wheeler segment (97% of automotive revenue)**, it is actively diversifying into three- and four-wheelers, commercial vehicles, tractors, and non-automotive sectors. --- ### **Key Customers & Market Positioning** - **Hero MotoCorp Ltd (HML)** remains the largest customer, accounting for **~40% of SAL’s total revenue**. - There is strong mutual dependency: HML sources **65–70% of its gear and shaft requirements** from SAL. - Most of SAL’s plants are located near HML’s production hubs, ensuring logistical efficiency and operational synergy. To reduce customer concentration risk, SAL is expanding its client base to include global players like **Mando, Hilti**, and other Tier 1 suppliers and OEMs across India and abroad. --- ### **Strategic Growth Initiatives** #### 1. **Diversification Across Segments** - **Four-Wheeler Expansion**: Kolar (Bengaluru) facility designated as a dedicated hub for 4-wheeler components, focusing on **import substitution** under 'Make in India'. - **Off-Road Vehicles & Aluminum Components**: New product lines to tap into niche and growing segments. - **Non-Automotive Applications**: Components for renewable energy systems, industrial machinery, and aerospace. #### 2. **Electric Mobility & Innovation** - Developed a **9-kW electric bike gearbox**, marking entry into EV drivetrains. - Launched/R&D on: - Differential axles for **e-rickshaws, L5-category 3W EVs** - **Mechanical and hydraulic CBS** (Combined Braking Systems) for 2W/3W EVs - **Retrofittable hybrid gearbox** for passenger vehicles - Preparing to launch **differential axles for 3-wheeler EVs** (in trial phase) With India’s two-wheeler EV penetration projected at **6.7% in FY 2024–25** and a national target of **30% by 2030**, SAL aims to capitalize on a market expected to grow at **49% CAGR** through 2030 (reaching 10 million units annually by 2030). #### 3. **Export & Geopolitical Opportunity** - Export sales surged from ₹894.85 lakhs (FY20–21) to ₹1,769.62 lakhs (+97.76%), with continued expansion. - Foreign exchange earnings in FY23: ₹3,652.54 lakhs; FY24: ₹2,258.70 lakhs - Leveraging global supply chain shifts to increase footprint in international markets. --- ### **Technology & Manufacturing Capabilities** SAL is a **pioneer in net shape and near-net-shape forging technology**, particularly in gear manufacturing, reducing material waste and enhancing precision. It is among a select few domestic manufacturers using **cold, warm, and hot forging** processes at scale. **Advanced Capabilities:** - High-speed forging machines producing **>120 precision parts per minute** - In-house **2D/3D CAD modeling**, **forging & machining simulations**, and **gear design software** - Automation via **SCADA systems** for real-time monitoring of heat treatment furnaces - Strong **R&D focus**: Collaborates with global technology partners; has filed **46 patents** in India and internationally Certifications: **IATF 16949 (Quality), ISO 14001 (Environmental), ISO 45001 (Safety)** Operational excellence reinforced through **5S, Kaizen, and Poka-Yoke** methodologies. --- ### **Leadership & Governance** - **Mr. Neeraj Munjal**, a 25-year veteran of the auto-component industry, leads the company’s operations across all four units. - Instrumental in establishing the first forging unit in **Binola, Gurgaon (1999)** and scaling the adoption of near-net-shape technology. - Focus on precision engineering, value optimization, and solving complex manufacturing challenges.