Bharat Seats Limited (84 to 128)
Recommended on: 12-Oct-2022
Recommended Price: 84
High since Rec: 128
Highest Return: 52.38%
Date High Made: 27-June-2023
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Bharat Seats Limited – Manufacturing Complete Seating Systems for Passenger Cars and Utility Vehicles
Bharat Seats Limited (BSL) is a public limited company that manufactures complete seating systems and interior components for the automotive and surface transport industry. The company is a joint venture between Suzuki Motor Corporation-Japan, Maruti Suzuki India Ltd., and M/s Rohit Relan and Associates. BSL’s manufacturing facilities are located in Haryana and Gujarat.
Industry Structure and Development
The automotive industry hopes for a smooth ride after a bumpy 2021. In a decade when India is eying the electronic vehicle ecosystem, the budget of R&D will further enhance its development and localization. The flow of FDI has shown a sharp spike in FY 2021-22. The uptick in FDI coincides with an increase in capex by domestic players. In FY 2021-22, the government approved the ‘Production linked incentive’(PLI) scheme for the automobile and auto component industry. The focus of PLI scheme is on emerging industry capabilities as it aims to push forward India’s transition to clean energy along with accelerating the country’s share in the global automotive trade.
Opportunities and Threats
The rapidly globalizing world is opening newer opportunities for the automobile industry, especially while it makes a shift towards electric, electronic, and hybrid cars, which are deemed more efficient, safe, and reliable modes of transportation.
Over the next decade, this will lead to newer verticals and opportunities for auto-component manufacturers, who would need to adapt to change via systematic R&D. India is emerging as the world’s hub of choice when it comes to manufacturing quality auto components.
The industry has over 600 manufacturers who exceed the world’s most stringent quality standards. Company business association with Hayashi Telempu and Toyota Boshoku is adding to capability enhancement and growth.
Through these associations company can build the further capability of our teams and introduce enhanced features in the products that we manufacture thus providing value-added solutions to our customers. Additionally, we have plans to introduce new products with the support of our technology partners thereby enhancing BSL’s product portfolio.
These associations will also prepare BSL for future technology readiness such as NVH requirements for Hybrid and Electric Vehicles. There is a need for sustainable development of the industry, considering the challenges on the front of energy security, concern for the environment, and reducing carbon footprint. With India declaring to achieve carbon neutrality 2070, the Automotive sector, together with all other verticals of the industry will have to work in unison towards the realization of this national goal.