Uniproducts India, with its headquarters in Noida, is targeting supplies for new market entrants like VinFast in the nation’s passenger-electric sector.
“We have solutions for various powertrains, including EVs, and we will be able to supply them to EV makers. We are presently in touch with some of them (new market entrants), who are aware that we are the leaders in this space,” revealed Sunil Pahilajani, CEO, of Uniproducts India.
Having four production sites, the firm is a well-known supplier of NVH components to major PV OEMs like Maruti Suzuki India, Chennai (Tamil Nadu), and Honda Cars India. The facilities are located in Rewari (Haryana), Bengaluru (Karnataka), and Gujarat. It claims that the manufacturing schedules and business objectives of its clients dictate the capabilities at these locations.
“We have ample capacity to accommodate more business, and as needed we will add more capacity. The existing capacity will serve us for the next two years of the expected market growth, and we will keep expanding,” said Pahilajani.
In FY2024, the company recorded overall revenues of around Rs 400 crore and is eyeing 15-16 per cent growth over the next 3-4 years. “India’s passenger vehicle segment is growing aggressively at more than 12-14 per cent, which is faster than the economic growth. At Uniproducts India, we would always be ahead of the automotive industry, and expect to grow at 15-16 per cent over the next 3-4 years. We expect the PV segment to grow consistently above 12 per cent during this timeframe. We are also gaining more market share, and consistently adding more products,” Pahilajani pointed out.
Instead of following a built-to-print approach and acting as mere contract manufacturers to OEMs, Uniproducts India says it designs and engineers its products from the ground up at its integrated R&D facility in Rewari, to offer end-to-end NVH solutions to its customers.
The company’s annual R&D spend is to the tune of 3 per cent of its turnover, and as per Pahilajani, “We are investing consistently in upgrading our technology, and are continuously working on lightweight, and enhancing comfort through our products.”
“We continue to make investments in terms of various equipment and resources at our state-of-the-art technology centre in Rewari,” he added.
While almost 95 per cent of the critical raw materials such as chemicals, fibres, cotton, metals, and non-metal composites used in its NVH parts are locally sourced, Uniproducts India is focused on the domestic market and does not intend to explore any export possibilities in the foreseeable future.
“We are a completely Indian company and are also gaining more market share, and adding more products to our portfolio. We are focused on sustainability and environmental issues and keep reinventing our materials in this regard. We continue to be strong in technology, and continue to serve customers with our capacity readiness,” concluded Pahilajani.