Integrated Annual Report 2025-26 150 • Enhancing learning through digital platforms, including e-learning and webinars. • Creating awareness through email communications, wallpapers, etc. ii. The steps taken by the Company for utilising alternate sources of energy Y our Company sourced renewable power from 86 MWp of solar power and 6.3 MW capex wind power. Further, from January 2025, 37.25 MW of 3rd party Wind Power was added through open access accounting for 35% of total power consumption, resulting in a mitigation of 1,12,304 tons of CO2 emissions. The target for increasing the share of renewable energy to around 50% was set for the FY27. In tune to that target, the Company has signed long term RE Captive/ Group Captive agreements with RE generator for Punjab, Maharashtra and Tamil Nadu which will take the Company to more than 50% Renewable Energy by FY27. iii. The capital investment on energy conservation equipment D uring the year, your Company invested Rs. 23.83 crore in various energy conservation projects. These investments included energy-efficient motors, EC blowers, BLDC air circulators, Heat recovery systems, Compressed air optimization systems, Energy Efficient systems with variable frequency drives (VFDs), and additional energy conservation initiatives. (B)Technology Absorption (i) The efforts made towards technology absorption: Y our Company is committed towards technology driven innovation and inculcating an innovation driven culture within the organisation. D uring the year under review, your Company continued to work on advanced technologies, upgradation of existing technology and capability development in the critical areas for current and future growth. The Automotive Sector is committed to expand its vision on multiple emerging technologies, including electric vehicles, battery technologies, active safety systems, advanced electronics, software defined vehicles, technologies for light-weighting, enhanced vehicle dynamics and connected vehicles. In Farm Equipment Sector, technology areas such as best-in-class mileage, emission reduction technologies, reduced noise and vibration, high precision hydraulics, combine harvesters, transmission efficiency improvement and electric tractor were given special emphasis. This would help in making the Company’s products retain their competitive edge in the market in the coming years. Y our Company continues to invest in technology development as well as protection through patents. For the year under review, your Company filed a total of 269 patent applications. Cumulatively, your Company has filed 2,728 patent applications so far. The Company’s total granted patent portfolio stands at 1,334 across multiple geographies and has significantly grown over the last few years. 0 200 400 600 800 1000 1200 1400 1600 Upto F18 F22 F25 F26 F24 F23 F21 F20 F19 85 99 152 232 511 1281 1334 1185 Number of Granted Patents - Cumula ve Fiscal Years No. of Granted Patents 329 Technical Capability Building: Your Company has been continuously investing in reskilling its engineers in emerging technology areas of electric, connected, software defined vehicle technologies, smart agricultural vehicles, precision farming, etc. The product design engineers are also trained in technologies like Data Science, AI, IoT, Mechatronics, Design Thinking, etc., and are encouraged to leverage the power of these technologies in new product development. (ii) The benefits derived like product improvement, cost reduction, product development or import substitution: The efforts taken by your Company towards technology development and absorption help deliver competitive advantage and market leadership through the launch of customer centric products and variants, introduction of new features and improvement of product performance.
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