RISE TO CREATE VALUE 33 Environment and Alternate Fuels Ÿ Actively pursuing development of the Electric Vehicle (EV) market, products, and technology. Ÿ Along with Electrification, we are also working on alternate fuels technology. Commodity Prices Ÿ Remain focused on cost reduction through measures like VA/VE, negotiation with suppliers, long term price contracting, etc. Ÿ Continue to watch the market situation closely and focus on mitigating commodity price volatility through 'Commodity Risk Management'. Ÿ Hedging of currencies and commodities are being governed in accordance with the Foreign Exchange Risk Management Policy and Commodity Risk Management Policy, approved by the Board of Directors of your Company. Monsoon Ÿ Going into F25, the IMD in its first long range forecast, predicted seasonal rainfall (June to September) to be 'Above Normal 'i.e., at 106% of the Long Period Average (LPA). Ÿ Spatial distribution suggests that above normal seasonal rainfall is very likely over most parts of the country except some areas over Northwest, East and Northeast India, where below normal rainfall is likely. Capacity Ÿ Aim to produce 2,00,000 EVs between 2027 and 2029 from our Born Electric range. Ÿ We organised a ground-breaking ceremony for a state-of-the-art manufacturing unit to build battery assembly lines, power packs, and electronic drivetrain components for electric 3- and 4-wheelers. This modern facility, set to roll out in 200 days, boasts an annual capacity of 2,00,000 units and features cutting-edge technologies like AI Vision systems and over 800 robots. Ÿ In partnership with our key suppliers, we are leveraging digitisation to insulate our operations from supply chain volatility. In addition, there are risks like significant variations in monsoon and supply chain blockages prompted by the ongoing Russia-Ukraine war and crisis in the Middle East that we will continue to address. Tax Regulations Strengthen the UV product portfolio attracting lower tax rates with products like XUV3OO, Bolero Neo, Bolero power Plus, Thar. New Regulation for Safety Geared up and confident of meeting any new regulations introduced. New Products and Technologies A comprehensive program for development of new products and technologies that will enable us to remain competitive in the market, cater to emerging customer expectations and to meet any legislative requirements. RISKS & OPPORTUNITIES Our business is exposed to many internal and external risks and consequently, we have institutionalised robust systems and processes, along with appropriate review mechanisms to actively identify, monitor, manage and mitigate these risks. KEY RISKS Competitive Intensity Continue to invest in new product development, technology upgradations, increasing channel reach, while focussing on delivering customer centric products, services and brand building.
RkJQdWJsaXNoZXIy NTE5NzY=