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  4. Sona Koyo Steering Systems Ltd.
  5. Sona Koyo Steering Systems Ltd. Business Report FY ended 2014

Sona Koyo Steering Systems Ltd. Business Report FY ended Mar. 2014

Business Highlights

Financial Overview

(in million INR)
  FY ended Dec. 31, 2014 FY ended Dec. 31, 2013 Rate of change (%) Factors
Net Sales 15,320.2 14,693.7 4.3 1)
Profit before tax 1,110.4 743.1 49.4 -

Factor
1) Sales
-Total Revenues increased by 4.3% to INR 15,320.2 from INR 14,693.7 million the previous FY, despite a decline in sales of Passenger Vehicles segment by 6%. Revenues from exports increased by 55% in FY2014 as compared to FY2013 due to strong performance by the indigenously-developed Electric Power Assist Module technology (EPAM).

Activity of Subsidiaries

JTEKT Sona Automotive India Limited (JSAI)
-In the FY ended March 31, 2014, JSAI was involved in the following activities:
  • Started mass production of Column type Electric Power Steering System (CEPS) for the Maruti Suzuki "Celerio"
  • Started mass production of manual steering gear for the Renault Nissan "Datsun Go"
  • Column Assembly Line #2 and Warm Housing Line reduced cycle time to 26 seconds from 27 seconds, an improvement of 1 second
  • Won Maruti Suzuki "Silver Trophy for Overall Performance" and "Certificate of Appreciation for Consistently High Quality Performance for the year 2013-14"
  • Won "Safety Excellence Award" from JTEKT.
Sona Fuji Kiko Automotive Limited (SFAL)
-In the FY ended March 31, 2014, SFAL was involved in the following activities:
  • Started mass production of column jacket assemblies for the Maruti Suzuki "Celerio"
  • Started exporting to Fuji Koyo Czech.

R&D

R&D Expenditure

(in million INR)
  FY ended Mar. 31, 2014 FY ended Mar. 31, 2013 FY ended Mar. 31, 2012
Overall 29.4 27.8 26.3

Investment Activities

Capital Expenditures

(in million INR)
  FY ended Mar. 31, 2014 FY ended Mar. 31, 2013 FY ended Mar. 31, 2012
Sona Koyo Steering Systems Ltd. 1,061 1,065 1,146

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