19.08.2024
In a recent interview with Economic Times, Mr. Jayant Davar, Chairman, Managing Director and CEO of Sandhar Technologies Limited, shared insights into the company's financial outlook and growth strategies for FY25. The company is projecting a revenue of approximately ₹4,100 crore, with an expected margin improvement of around 50 basis points. Mr. Davar emphasized that over 50% of the company's business comes from the two-wheeler segment, which is performing better than anticipated, especially with the upcoming festive season expected to boost sales.
He highlighted the company's ongoing capital investments, which are beginning to yield results as new product lines are rolled out. This, combined with the recent introduction of their electric vehicle (EV) product line, is expected to contribute to continuous margin improvements.
Regarding the sheet metal business, which has recently been established, Mr. Davar noted that while initial margins were low, they are now moving towards double digits, positively impacting the overall bottom line.
On the EV front, Mr. Davar confirmed that commercial production has started, although significant revenue from this segment is not expected until the next financial year, as current orders are still in pilot stages. He mentioned that the company has localized manufacturing, reducing reliance on imports, and expressed optimism about expanding their customer base in the EV sector.
Additionally, Sandhar Technologies has entered the smart lock segment, with mass adoption expected later this year. Mr. Davar believes the company holds a first-mover advantage in this area, given their established position in the locks market.
Lastly, he addressed the international business, which faced challenges due to strikes in the U.S. and model changes in Europe. However, he anticipates a recovery and a return to growth in the coming months.
Overall, Mr. Davar's insights reflect a confident outlook for Sandhar Technologies Limited, driven by strategic investments and a focus on emerging market segments.
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Mr. Jayant Davar Interview with ET Now 19th August, 2024
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