In the past 50 years I have seen the market volatility , ups and downs and the cemented place in the Indian Automotive market. We all were hit by COVID-19 pandemic, the worst in the last 100 years. Nations were in lockdown , only a handful of people in the world could imagine such a situation which not only affected the world economies but forced a gradual change in mindset of people in general. It is hard to say that this pandemic had or has a silver lining but the Automotive sector has seen one of the biggest changes in decades where billions of Dollars are being invested in the EV space.

Now that we look back on our journey , we are proud to say that HTF also saw the electric market as a huge potential as back as 2017 . We are now decently placed in the E - 3 wheeler segment and wish to grow our portfolio to two-wheelers and other electric vehicles in the coming days . In these tuff times we stood hand in hand with our associates, business partners and not only did we survive the pandemic but manage to clock a 10% Growth YOY when compared to financial year 2019-20. For this, I take this opportunity to thank all our employees, key personnel and everyone at HTF who made this possible.

As a endevour towards Clean & Green Energy we had Launched our Electic Segment Eyeing a huge risk and facing ever increasing commodity pricing was a challenge but thru technological innovation and strict cost-effective techniques we managed to not only thrive in the Auto-business but also our Electric Vehicle Business. Furthermore, our Company organised a vaccination drive for our workforce in April 2021 at two of our facilities, and ensured that all the employees are adequately vaccinated.

We kicked of FY 2021-2022 , with an aim to optimize our capacities and further develop new products in the Electric Vehicle segment.

As the Fuel Prices have crossed the Centuary mark , we are focussing on improving & increasing our Production Capacity in the EV Segment . Our R&D Dept is working strongly on designing of new & better vehicle , to be introduced by end of this Financial Year . We believe in delivering High Quality at a competative price.

We at Him Teknoforge Ltd. Strongly believe in following Green Practices and be part of the country’s mission to reduce carbon foot print and move towards sustainable and renewable sources of energy.

I am delighted to share that HIM TEKNOFORGE LTD was featured among the top 10 gear manufacturers of the country by Industry Outlook Magazine in the May 2021 edition. A significant achievement of last year has been our move towards green energy by installing roof-top solar power plants of 500kw and 175kw, respectively, at two of our manufacturing facilities. This will also help us save on power cost. We also plan to instal roof-top solar power plants at all our other manufacturing facilities, in the next couple of years, in our endeavour to move towards clean energy.

India is likely to be benefit as multinational companies make an entry into our country and create a new supply chain based out of India. For instance, Tesla has already entered India and is planning to set up a vehicle manufacturing facility in the country. This will give a huge boost to the automotive segment. I believe that India is going to become a mega auto-component hub for the world in times to come.

Our Company is very uniquely positioned as we cater to two major automotive sectors – Farm Equipment and Commercial Vehicles, along with having a footprint in defence and exports. We also cater to the needs of the replacement market in the Indian sub-continent, with a wide range of products. In India and abroad, we are considered to be a trustworthy name among all its customers. We are constantly adding new products as well as new customers, which shall have a positive impact on the performance of the Company in the future.

I would once again like to take this opportunity to thank all our stakeholders who have enabled us to sustain our performance and sail through in these difficult times. With the continued support of all the stakeholders, we are fully geared for the future and looks forward to reaching greater heights.

Thank you, once again.

Stay safe and stay healthy!