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  5. JTEKT India Limited (Formerly Sona Koyo Steering Systems Ltd.) Business Report FY ended Mar. 2019

JTEKT India Limited (Formerly Sona Koyo Steering Systems Ltd.) Business Report FY ended Mar. 2019

Financial Overview

(in million INR)
  FY ended Mar. 31,
2019		 FY ended Mar. 31,
2018		 Rate of change
(%)		 Factors
Net Sales 17,656.10 15,673.23 12.65  
Profit before tax 1,217.86 1,043.43 16.71 Controlling the fixed costs and synergies

 

Activity of Subsidiaries

JTEKT Fuji Kiko Automotive India Limited (‘JFIN’) (formerly known as Sona Fuji Kiko Automotive Limited)
-In JFIN, JTEKT is holding 51% of the Equity Capital. This Company was established in technical and financial collaboration with FUJI KIKO Co. Ltd., Japan with a business objective of manufacturing Columns / Column parts to be primarily used in the manufacturing of C-EPS by the Company. The Plant of JFIN is located in Bawal, Haryana.

JTEKT India Limited (Formerly known as Sona Koyo Steering Systems Ltd.)
-Manufactures Rack and Pinion Steering systems for manual, Hydraulic Power Steering, Driveline products & Others.

JTEKT SONA Automotive India Limited
-Manufactures Column type Electric Power Steering which is a next generation technology for Automobiles.

Sona Fuji Kiko Automotive Limited
-Manufactures Jacket Assembly for CEPS and Manual Columns.

Koyo Bearing India Private Limited
-Manufactures Hub, Tapered Roller Bearings and Single Ball Bearings.

Toyoda Micromatic Machinery India Ltd.
-Provides Sales and Service for machine tools.
 

Contracts

-During the fiscal year ended March 31, 2019, the company started production of jacket column assembly for MSIL Ertiga & Ciaz and Honda New Amaze.  

 

Awards

-During the fiscal year ended March 31, 2019, JTEKT India Limited has been recognized by Toyota Kirloskar Motor Pvt. Ltd in three different categories ‘Quality’, ‘Safety Special Recognition’ and ‘Zero Defect Supplies’.
 

R&D Expenditure

(in million INR)
  FY ended Mar. 31,
2019		 FY ended Mar. 31,
2018		 FY ended Mar. 31,
2017
Overall 19.1 18.8 23.2

-The Company was engaged in the following automotive research and development activities during the fiscal year ended March 31, 2019:

  • Research and Development activities undertaken to demonstrate improved steering feel for off-road vehicle.
  • Development of cost effective functional prototype of electric power steering based on brushed motor for passenger vehicle is in progress

 

Capital Expenditures

(in million INR)
  FY ended Mar. 31,
2019		 FY ended Mar. 31,
2018		 FY ended Mar. 31,
2017
Sona Koyo Steering Systems Ltd. 693 589
673

 

Investments in India

-During the fiscal year ended March 31, 2019, JTEKT Sona Automotive India Limited (JSAI) have initiated feasibility study to setup a new plant on its existing 30-acre land in Gujarat.