Sharda Motor Industries · tone and specificity signals across the available quarters.
Language signals
Our growth for this quarter has been lower than the industry growth. The reason for that is there is lot of WIP within the value chain of the automobile industry. Our part goes into engine and then there is an engine inventory which goes into final assembly. Every quarter matching the growth is definitely not possible but you will see on a longer-term basis for 9 months our growth in gross profit is 7% which is very close to the industry growth.
What we have done is we have augmented our R&D to cater to lightweighting. We are one of the few Indian players now with local capabilities on control arms and links. OEMs and our customers see us making very meaningful relationship like with Dongi partnership — we now access to global design manufacturing engineering benchmarks. This helps us build more customer confidence.
AI is a huge technology leap and a very exciting opportunity. We are focused on two sides — first is harnessing innovation and effectiveness by starting to implement AI across all business functions and processes internally. The second is seeking growth opportunities in AI infrastructure components plus robotic components. It's still a very early initiative.