You are here » Home » Companies » Company Overview » JBM Auto Ltd

JBM Auto Ltd.

BSE: 532605 Sector: Auto
NSE: JBMA ISIN Code: INE927D01044
BSE 00:00 | 19 Aug 411.75 -6.35
(-1.52%)
OPEN

414.00

HIGH

422.15

LOW

409.90

NSE 00:00 | 19 Aug 411.90 -5.95
(-1.42%)
OPEN

420.00

HIGH

423.95

LOW

409.00

OPEN 414.00
PREVIOUS CLOSE 418.10
VOLUME 14263
52-Week high 675.98
52-Week low 164.00
P/E 28.61
Mkt Cap.(Rs cr) 4,869
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 414.00
CLOSE 418.10
VOLUME 14263
52-Week high 675.98
52-Week low 164.00
P/E 28.61
Mkt Cap.(Rs cr) 4,869
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

JBM Auto Ltd. (JBMA) - Chairman Speech

Company chairman speech

LETTER FROM

THE CHAIRMAN'S DESK

Dear Shareholders

It is a momentous occasion as I express my thoughts on the 25thanniversary of JBM Auto Ltd by way of this Annual Report of the company for FY2020-21. AsI put my message forward on the 25th Annual General Meeting of your company a famoussaying resonates within me "The most reliable way to H predict the future is tocreate it". With this dream P in mind we initiated our journey of excellence way Pback in 1996. Our focus then was towards simpler auto parts and components whichgradually transitioned to complex auto systems & assemblies and today your company ismanufacturing high I end buses which are successfully running across ¦ variousstates of India. The Journey in these 25 L years has been wholesome engaging andenriching wherein JBM Auto has transformed from a product centric approach to experience& solution-based methodology. Our integral prerogative since our inception hasbeen our belief towards propelling shared prosperity.

The global outlook continues to be highly uncertain over a year afterthe pandemic erupted as new mutations of the COVID19 virus continue to impactlives livelihoods and sentiments The year gone by has taken all of us through extremelydifficult and unforeseen situations both at personal as well as professional fronts.Despite all our limitations about the understanding of COVID19 our resilience andperseverance enabled us to learn and manoeuvre ourselves through the new normal. At thisJuncture on behalf of the entire JBM family I would like to extend my gratitude to allthe doctors medical and support staff who relentlessly stood in the line of duty to saveprecious lives.

At JBM Auto Ltd. we have defied traditional manufacturingmethodologies by way of our technology based green manufacturing approach that reflectspositively on the environment and the society at large. Since our inception we haveevolved and come a long way. The automotive industry today has entered the era of vehiclesthat are autonomous connected electric and shared. At the same time the Indian autoindustry is making its mark in the global arena and hence undergoing 1 massivetransformation in terms of technology ¦ governance policy framework andinternational collaborations.

' This new age transformation at the point of ¦ manufacturingand adoption of new-age advanced technologies is paving a path for JBM Auto to grow itsbusiness on the back of information and well- informed decision making.

Like the global economy the Indian economy too faced a setback due tothe pandemic. The quarterly growth turned sharply negative during the first two quartersof FY2020-21 on account of stringent pan-India lockdowns mandated to control the spreadof the disease. With the gradual lifting of restrictions on the movement of people andgoods by the second half of the financial year the economy started showing initial signstowards recovery. But despite these signs of recovery the Gross Domestic Product (GDP)growth for FY2020-21 stood at -7.3% as compared to 4.0% in FY2019-20.

The Indian auto components industry accounts for around 2.3% of India'sGDP and 25% to the manufacturing GDP. During the five-year period between FY16 to FY20the Indian automotive components industry registered a CAGR of 6% to reach US$ 49.3billion by FY20. During the first half of FY 2020-21 (from April to September 2020) theturnover of the automotive components industry stood at Rs.1.19 lakh crore (US$ 15.9billion) registering a decline of 34% over the first half of the previous year. Exportsfrom this industry grew at a CAGR of 7.6% during the same period to reach US$ 14.5 billionin FY20. As per the Automobile Component Manufacturers Association (ACMA) automobilecomponent export from India is expected to reach US$ 80 billion by 2026.

Your company has taken giant strides in the EV space in the year goneby. I am pleased to share that your company has commissioned an end-to-end in-houseE-Mobility platform to cater to the seamless adoption and running of e-buses in thecountry. This e-mobility platform has been commissioned in Navi Mumbai and Ahmedabadwherein your company is overseeing the complete ecosystem right from bus operations tocharging to maintenance. We are in advanced stages of discussion with various stategovernments for replicating the same in other cities and states as well in a very shortturnaround time.

The OEM business of your company has been in expansion mode withECO-LIFE 100% Electric Bus now successfully plying in multiple cities of the countryincluding Navi Mumbai Ahmedabad Port Blair and shall soon be running in the Delhi-NCRand Bengaluru region. Our BS-VI variant CITYLIFE was first ever city bus to ply on Indianroads post the implementation of the new emission standards. Your company also bagged thebiggest order of 700 AC CNG and 200 electric buses from Delhi Transport Corporation.

Our eco-friendly buses are being recognized for their state-of-the- arttechnology and enhanced safety & comfort and have been aptly felicitated with variousprestigious awards.

In the auto component space your company has redefined the dynamics ofthe industry in the last 25 years. From humble beginnings to a stage today where wemanufacture almost 500000 complex auto systems & assemblies daily your company iscatering to global OEMs such as Ford VW Honda FCA Renault TATA Motors M&M PSAand many more. Moreover your company's tooling development capacities have grown 30-foldto 1500 dies and 500 fixtures and robotic systems annually since inception. The toolingdivision has transformed into India's largest tooling business and a preferred supplierfor OEMs delivering consistent growth of over 20% CaGR and serving over 90% OEMsin India across PV CV Agri 3W and 2W segments. The tooling business has been recognizedby various OEMs such as Ford M&M Tata Motors Isuzu Escorts etc. for consistentlydelivering new products with timely development and exceeding customer expectations.Further your company has been recently recognised by the prestigious 'Economic Times -Promising Plants 2021' award. This recognition is bestowed to manufacturing facilitiesthat have not only scaled excellence but are also setting new benchmarks for the industry.

Your company's Skill Development Centre (SDC) is constantly taking thelead in providing Apprenticeship Trainings to Candidates who have completed their 10thStandard or higher including those who have secured ITIs Diplomas or Engineeringdegrees. In last 6 years we have trained and placed more than 8000 candidates hailingfrom different parts of the country. As the training courses have been customized on an'Earn & Learn' principle it has enabled your company to help under privileged andtribal candidates.

As a responsible corporate citizen it became imperative for us tocreate an ecosystem around eco-consciousness thereby subsequently scaling up thebusiness on such foundations that articulates our ethos and vision. Our employees theirfamilies coupled with our responsibility towards the society and Nation at large continuesto be an essential ingredient of the strategic planning process of your company. It givesme immense pleasure to inform you that this year a revolutionary initiative - SankalpSiddhi has been inducted that aims at elevating the skill sets and invoking the latenttalents of our employees and their families.

The success and eminence of JBM Auto as a market leader began as amodest dream to create JBM as an equivalent to 'JBM Inside' every vehicle running onIndian roads. In these 25 years I am proud to say that together we have come extremelyclose to realizing that dream. However this is just a beginning to newer dreams and goalswhich will bring in greater sheen to our success in the coming times.

Finally it is critical for me to state that getting vaccinatedwearing masks and maintaining social distancing is the only approach to control the spreadof the pandemic. I urge all to follow these protocols so as to ensure safety for self andfamily. Kindly continue to follow the directives issued by the government and contributetowards saving the Nation from the possible third wave of COVID19 pandemic.

To conclude I extend my sincere appreciation to the management and thestaff of the company for their valued contribution as always. A big thanks to you ourvalued stakeholders. Your faith and trust in our capabilities keeps motivating us totransform and grow from strength to strength.

 

Stay Healthy Stay Safe

Thank You and Jai Hind.

"Constantly think about how you could be doing things better keepquestioning yoursel - Elon Musk

SURENDRA KUMAR ARYA
CHAIRMAN

.