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Time of India
17-07-2025
- Automotive
- Time of India
Auto 4.0 needs people 4.0: ACMA President Shradha Suri Marwah
As India's auto component industry transitions into a new era of digitisation, automation, and sustainability, its most urgent challenge isn't just technological, it's human. And, reskilling is key to staying ahead in the innovation curve, according to Shardha Suri Marwah, President of the Automotive Component Manufacturers Association of India (ACMA), and MD of Subros. 'Our entire industry is going through a transformation. The way we did manufacturing in the past no longer exists,' says Shradha. "Reskilling is not just important. It is central to how we move forward," she adds. Marwah, who also chairs the board at Subros Ltd, emphasises that the sector's preparedness hinges on workforce evolution. 'Some jobs will get lost and new ones will get created. That's why reskilling is required. You reskill people and use them for something else. Human capital will continue to create the most of value,' she says. The challenge is more acute for smaller firms. 'Tier 1s align quickly. But Tier 2s and Tier 3s need structured support. That's where ACMA comes in to help the industry rise together,' she explains. ACMA's Annual Report 2023–24 shows how seriously the industry is taking this task. Over 2,400 man-days of skilling and upskilling workshops were conducted across clusters, focusing on lean manufacturing, digital quality systems, and emerging environmental norms. AI, automation, and the human equation Even as Indian suppliers automate and digitise, workforce anxiety remains real. 'AI is disruptive. It's coming in fast,' says Marwah. 'But that doesn't mean we're replacing people. It means we're changing the kind of work they do.' She adds that traditional manufacturing is not disappearing. It's expanding. 'As scale increases, traditional production will still have a major role. Automation will work alongside, not instead of, human capital. The pie is growing.' India's domestic vehicle production supports this view. As per ACMA's report, the country's vehicle production and aftermarket sales grew robustly in FY24, even amid external volatility. The auto component sector saw 9.6 per cent growth, reaching ₹5.6 lakh crore, despite softened exports and rare earth shortages. Digitisation vs sustainability? Shradha is clear that while automation may support sustainability, but it doesn't define it. 'You're just playing with words there,' she says. 'Sustainability is a much larger journey. It starts from how you design the product, what materials you use, and then how you manufacture it.' For smaller players outside the direct supply chain grid, Marwah admits it's harder. 'When pipelines aren't clear and visibility is low, it's difficult to prioritise sustainability. But many RFQs now include sustainability clauses. So Tier 1s are having to handhold their Tier 2s. The entire value chain is aligning.' The ACMA report highlights that ESG-readiness, compliance mapping, and traceability are now demanded not just by global OEMs but also by domestic partners aspiring for export-grade standards. 'Sustainability, green materials, clean processes, everything is changing. And the skills needed to work with these new materials are changing too,' she says. 'Investment will follow scale, not noise' With the ongoing debate on EVs, hydrogen, ethanol and ICE, some suppliers remain uncertain where to place their bets. Marwah advises pragmatism. 'The PV market was about 4 million units. It's going to grow to 7 million. Out of that, EVs and alternate fuels will be around 1 million. That still means traditional platforms will grow from 4 to 6 million. So don't get confused. Investment decisions will follow scale, not buzz.' This clarity, she believes, will help lower-tier suppliers make informed decisions. 'Don't chase headlines. Follow the data,' she urges. The past year tested the sector's resilience, zero rare earth magnet imports since April, rerouted logistics that doubled lead times, and trade uncertainties. 'We usually don't pull the plug on investments unless there's a COVID-like disruption,' Marwah points out. 'The domestic industry is doubling. So, scale must happen. And the industry is investing in advance.' Still, she stresses that uncertainty will remain a constant. 'There are FTAs on one hand and tariffs on the other. What's in our control? Our people, our plants, our processes. That's where transformation must begin.' Rather than dictate direction, ACMA sees itself as an enabler. 'Every organisation must define its own roadmap. Our job is to provide the platform, for awareness, for training, for any skill required in this transition,' says Marwah. 'The opportunity is there. But we must keep pace. Reskill, digitise, go green, but do it together. That's how India's auto component industry will truly lead," she concludes.
Mint
03-07-2025
- Business
- Mint
Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today — 3 July 2025
Breakout stocks buy or sell: Indian equities ended in the red on Wednesday as investors continued profit-booking in financial stocks after a recent rally, with selling pressure extending to public sector banks. Despite hopes of a possible US-India trade agreement, market sentiment remained subdued. The Nifty 50 fell 0.38% to close at 25,443, while the Sensex declined by 287 points to end at 83,409. Broader market indices also slipped, with the Nifty Midcap 100 easing 0.14% and the Nifty Smallcap 100 losing 0.41%. Sumeet Bagadia, Executive Director at Choice Broking, believes that Indian stock market sentiment is positive but the Nifty 50 index is facing hurdle at 25,650 to 25,700 zone. Speaking on the outlook of Indian stock market, Bagadia said, ' On breaking this hurdle on a closing basis, we can expect the 50-stock index to touch 26,200 soon. On the lower side, Nifty today has immediate support at 25,500, whereas it has crucial support at 25,250 to 25,200 range. So, one should maintain stock-specific approach and look at those stocks that are looking strong on the technical chart. Looking at breakout stocks can be a good option." Sumeet Bagadia recommends five breakout stocks to buy today: Subros, Tatva Chintan Pharma Chem, Sharda Cropchem, Pocl Enterprises, and LT Foods. 1] Subros: Buy at ₹ 1003.1, target ₹ 1075, stop loss ₹ 965; 2] Tatva Chintan Pharma Chem: Buy at ₹ 997.4, target ₹ 1070, stop loss ₹ 960; 3] Sharda Cropchem: Buy at ₹ 844.8, target ₹ 905, stop loss ₹ 815; 4] Pocl Enterprises: Buy at ₹ 897.85, target ₹ 965, stop loss ₹ 865; 5] LT Foods: Buy at ₹ 494.75, target ₹ 530, stop loss ₹ 477. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Business Standard
17-06-2025
- Automotive
- Business Standard
The Smart Investor
Sensex ( %) Nifty ( %) Nifty Midcap ( %) Nifty Smallcap ( %) Nifty Bank ( %) TechM trades higher for 10th straight day; should you buy, hold or sell? Shares of Tech Mahindra hit an over four-month high at ₹1,724.25, gaining 2% in Tuesday's intra-day trade in an otherwise weak market, and has rallied 12% in the last 10 days. Lumax Auto, Subros zoom over 100% from 3-mth lows; what's behind the rally? Shares of Lumax Auto Technologies (₹1,113.90) and Subros (₹1,084) hit their respective new highs, and rallied up to 10% on the BSE in Tuesday's intra-day trade in an otherwise weak market.
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Business Standard
17-06-2025
- Automotive
- Business Standard
Lumax Auto, Subros zoom over 100% from 3-mth lows; what's behind the rally?
Share price movement of Lumax Auto, Subros today Shares of Lumax Auto Technologies (₹1,113.90) and Subros (₹1,084) hit their respective new highs, as these stocks rallied up to 10 per cent on the BSE in Tuesday's intra-day trade in an otherwise weak market. In comparison, the BSE Sensex was down 0.22 per cent at 81,618 at 11:30 AM. These two stocks have seen their share prices more-than-double from their respective 3-month lows. Among individual stocks, Lumax Auto Technologies has zoomed 146 per cent from a level of ₹452.55 on April 7, 2025. Share price of Subros surged 116 per cent from ₹501.55 on March 17, 2025. In the past two trading days, the stock has zoomed 30 per cent from a level of ₹831 on Friday, June 13, 2025. Catch Stock Market Latest Updates Today LIVE What's driving auto related stocks? Subros is the leading manufacturer of thermal products for automotive applications in India, in technical collaboration with Denso Corporation, Japan. The company is engaged primarily in the business of manufacturing and sale of thermal products for automotive and home air-conditioning original equipment manufacturers (OEMs). Subros medium-term growth prospects remains healthy, given its strong market position in the passenger vehicle (PV) industry and continued demand in the industry. Further, the notification from the Government of India mandating air-conditioned (AC) fitted cabins in N2 and N3 trucks (both segments combined cover trucks having gross vehicle weight exceeding 3.5 tonnes), manufactured after October 2025, is expected to generate incremental revenue prospects for the company. The company is expected to continue its growth momentum on account of new product development for various models of PVs, buses, trucks and the railways segment. While the company has significantly muted its sales in the home AC segment due to low segment margins amid inflationary pressure in the fixed price nature of contracts, an increase in the contribution from the other business segments, such as commercial vehicle (CVs) and Indian Railways is expected to support its earnings growth prospects, according to ICRA. Meanwhile, in the past three weeks, the stock price of Lumax Auto Technologies, a leading automotive component manufacturer, has zoomed 63 per cent after the company showcased strong operational performance and strategic expansion through inorganic growth initiatives through its March quarter earnings. The company recorded its highest-ever annual revenue and earnings before interest, tax, depreciation and amortisation (Ebitda), and surpassed the ₹1,000 crore mark in quarterly revenue for the first time. The performance was driven by strong demand across all segments and deepening engagement with OEM partners. Improvement in Ebitda growth highlights the strength of the company's operating model, supported by improved efficiencies, prudent cost management and continued focus on value-added offerings, the management said. With a well-diversified product portfolio and deep integration with leading OEM platforms, the management said the company remains strongly positioned to capitalize on evolving opportunities across segments in a structurally improving macro environment. With a robust balance sheet, strategic acquisitions, and expanding product portfolio, Lumax Auto Technologies said the company is well-positioned to capitalize on the growing automotive market and emerging mobility solutions. Given the healthy order book led by double digit growth prospects, stable margin profile, earnings accretive value conscious acquisitions and impressive return ratios matrix, analysts maintain their positive view on the company.
Mint
17-06-2025
- Automotive
- Mint
Multibagger small cap jumps another 10% to hit record high, gains 45% in just 7 sessions. Do you own it?
Subros share price in focus: Despite the Indian stock market trading in a narrow range during Tuesday's session, Subros, an automotive air-conditioning solutions provider, saw its stock price jump another 10% to cross the ₹ 1,000 mark for the first time, hitting a fresh all-time high of ₹ 1,083.20 apiece. Today's rally added to the stock's 19% jump in the previous session, taking its 7-day cumulative gain to 45%. Investor enthusiasm was sparked by the upcoming mandate that, starting June 8, all medium- and heavy-duty trucks manufactured and sold in India must feature factory-fitted air-conditioned cabins. This mandate, announced about 18 months ago, aims to enhance driver comfort, reduce fatigue, and improve safety on long-haul routes. To comply with the regulation, truck makers like Tata Motors and Ashok Leyland are rolling out updated models and have raised prices by 1–2.5% to absorb the additional cost of AC systems. Subros is a leading player in vehicle air conditioning, holding over 40% of the passenger vehicle market and more than 54% of the commercial vehicle segment. This leadership position explains why the stock has been soaring on the exchanges. Earlier, analysts noted that mandatory AC cabins for trucks would expand the company's addressable market, helping to further increase non-passenger vehicle (non-PV) revenue for Subros, and could create a market opportunity of ₹ 400–450 crore by FY26. The company is also expanding into the home air conditioner segment, in addition to its existing presence in the railway segment. Analysts further project that the rising demand for electric vehicles in India will serve as another growth catalyst for the company. Meanwhile, truck sales declined to 307,491 units in FY25 from 320,244 units the previous year, according to the Society of Indian Automobile Manufacturers. The drop was attributed to a high base of the previous years and a temporary slowdown in infrastructure activity due to the general elections in the first quarter of the fiscal year. However, industry experts believe that the sales will pick up momentum in the ongoing fiscal year on the potential rebound in the economic activity. From a trading price of ₹ 50 apiece ten years ago, the stock has seen a remarkable rise of 1954% to trade at the current level of ₹ 1027. To put this into perspective, if an investor had invested ₹ one lakh into these shares a decade ago and held onto them until today, their investment would have ballooned to an astonishing ₹ 20.54 lakh. Over the last ten years, it concluded seven years with gains. The standout year was CY14, when it delivered a remarkable return of 140%. This was followed by robust returns of 90% in CY17 and 81% in CY23. In the current year, it has already gained 66%. Founded in 1985 as a joint venture between the Suri family of India, DENSO Corporation, and Suzuki Motor Corporation, the company is a leading manufacturer of thermal products for automotive applications in India. It is the only integrated manufacturing unit in India for auto-air conditioning system products. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
