Igarashi Motors India Ltd 2020 AR2
The report highlights Igarashi Motors India Ltd's performance and strategic initiatives for the fiscal year 2019-20. Amidst the challenges of the COVID-19 pandemic and global automotive slowdown, the company transitioned to a new strategic theme of 'Electric Motors with Energy Competence,' focusing on energy-efficient brushless DC (BLDC) motors for appliances and electric vehicles. The company successfully launched seven BLDC ceiling fan motor models and established a new driver and controller production line with an initial capacity of 2.5 million units per year. Financially, the company recorded revenue from operations of INR 53,439 lakhs and a net profit of INR 2,991 lakhs. Additionally, the company spent INR 202.19 lakhs on corporate social responsibility initiatives, including civic learning, cancer awareness, and health support.
Company: Igarashi Motors India Ltd
Sector: Manufacturing
Country: India
Year: 2020
Type: AR2
Pages: 168
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Igarashi Motors India Ltd
Annual Report
The report highlights Igarashi Motors India Ltd's performance and strategic initiatives for the fiscal year 2019-20. Amidst the challenges of the COVID-19 pandemic and global automotive slowdown, the company transitioned to a new strategic theme of 'Electric Motors with Energy Competence,' focusing on energy-efficient brushless DC (BLDC) motors for appliances and electric vehicles. The company successfully launched seven BLDC ceiling fan motor models and established a new driver and controller production line with an initial capacity of 2.5 million units per year. Financially, the company recorded revenue from operations of INR 53,439 lakhs and a net profit of INR 2,991 lakhs. Additionally, the company spent INR 202.19 lakhs on corporate social responsibility initiatives, including civic learning, cancer awareness, and health support.
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Document Details
Report Year
2020
Reporting Period
Apr 1, 2019 - Mar 31, 2020
Fiscal Year
2020
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees