Dear Shareholders,
'More Miles, More Moves', the theme of this Annual Report indicates a
splash of positivity and outlines all new possibilities. We flagged off the Financial Year
with a mission to overtake the shadows of pandemic. Together, we defined strategic plans,
meticulously worked on the execution front, maintained the momentum and the results are
paying off. We have witnessed an impressive increase in the sales and numbers are
inspiring. We undertook a re-structuring process and the corrective measures helped us
redefine the roadmap and reshape our perspective. This brought in a positive approach and
added new dimensions to the growth story. I would like to thank all of you for this
incredible team spirit. Your support and passionate endevours has been instrumental in
this growth journey!
Transforming India's E-transportation
Taking India's E-mobility to the next level, we launched Mobili &
Energie, the passenger and cargo variants in the E-Three Wheelers Segment. Both Mobili and
Energie are built with industry-leading European Technology, Advanced Telematics and
Battery Management Systems (BMS). With our new electric additions, we aim to be technology
leaders and provide intelligent, data-driven last-mile connectivity. Our advanced
processes and infrastructure is the backbone of our business and empowers us to create and
deliver world-class products.
These products ensure super safety with fire resistant battery.
Advanced Telematics and tracking system help in offering customers remote maintenance
reducing the downtime. Stylish design and utility features make it a truly Next-Gen
offering. Robust platform, body structure and power lead to sturdy performance and
unbeatable load carrying capabilities. We have initiated dealer appointment drive and soon
these E-Three Wheelers will be available across India. Mobili & Energie have unfolded
a new era of high tech e-mobility in India.
New Plant...New Possibilities!
Indian Economy is growing at an impressive pace. Various sectors have
been witnessing a promising upsurge. This is leading to an increasing demand for the high
performance last mile transportation. Keeping in mind these growing demands, we had
initiated an expansion of our Manufacturing capabilities. We have established a new plant
and it is fully operational now. This new facility features manufacturing systems with
advanced technology. It has helped us increase our manufacturing capabilities. We are now
well-equipped to cater to the rising demands.
Our Research and Development division had been analyzing the product
performance and key measures had been taken on the vehicle feedbacks. We have upgraded our
existing vehicles and delivered the output as per customer expectations. Robust feedback
management system and technological advances help us keep our products updated and in line
with the changing times. This ultimately results into customer satisfaction which our
supreme motto.
The brighter way ahead.
Our journey in the current financial year has been truly inspiring.
There has been an incredible rise on the sales front. New Launches and Upgrades in the
existing product-line are leading us to a brighter way ahead. We are adding new business
partners in our sales network. This will help us reaching out to the demands across all
multiple states in India. Our Sales and Service Network is all set to take this growth
journey to the next level with rising numbers and benchmark customer experience. Together,
we all promise you a glorious way forward towards new horizons of progress, prospects and
promising possibilities!
Looking forward to more miles...more moves!
J J Chandra
Chairman & Managing Director