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Value Creation Model

Our business model is crafted to generate value for all our stakeholders, focussing on achieving excellence throughout the entire value chain. We ensure superior outcomes at each phase, from procuring raw materials to delivering premium finished products to our customers.

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Adapting to Our Operating Landscape
Product Quality & Safety
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The automobile industry continues to grow and produce new trends through digitalisation, integration of sustainability and varying consumer demands. As the consumption and export of automobiles grow, we are continually adapting through the expansion of our production facilities, as well as an increase in innovative capacities. While growth is at the crux of our business operations, we also prioritise elements such as product quality, safety, and reliability.

These strides allow us to not only expand our product portfolio but also serve new markets and attract potential customers. This furthers our goal of having a global impact and growing our market presence as an industry leader.

Focus on Sustainability

Given that sustainability is becoming a core part of the automobile industry, we have also begun focussing on electric automobiles/vehicles. In addition to this, we are also dedicated to the integration of sustainable input materials in our production processes. In FY 2023-24, we have utilised several recycled input materials such as recycled aluminium.

Through such efforts, we strive to not only create value for our stakeholders but also the environment around us. In addition to a focus on sustainability in production, we are also focussed on sustainability in operations through energy-efficient practices and minimisation of waste generated. Through the alignment of its operations with environmental standards and harnessing innovative solutions, the Uno Minda Group strives to reduce its environmental footprint and support India's larger objectives for sustainable development.

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Community Impact & Employee Well-Being

Social impacts are a key driver of value creation and operational success of industries all around the world, including the automobile industry. At Uno Minda, we value the relationships we have with our employees and workers, as well as community members and NGOs. Keeping in mind these two aspects of our social impact, we are committed to the following:

  • Ensuring the well-being, health & safety, human rights and proper working conditions for all our employees and workers. In addition, we aim to integrate diversity, inclusion and equal opportunity in all our operations, including hiring, career advancement and performance evaluation. Our initiatives to promote employee engagement and well-being are as follows:
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  • At Uno Minda, we are also focussed on various Corporate Social Responsibility projects through which we engage with local communities. These initiatives are often in partnership with NGOs, PRI Members, Local Administration, Government & Customers for contributing towards community development. We also conduct impact assessments from third parties to measure the impact of the programme with key indicators. Training and employee engagement revolving around impact on education, health and disaster management are also conducted. In FY 2023-24, some key statistics on our CSR expenditure & programmes can be seen below:

24,000+

Beneficiaries of CSR projects

₹ 13.14 Crores

CSR Expenditure

100%

Local community development programmes

83%

Procurement from local suppliers

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Digital Transformation

At Uno Minda, we acknowledge the pivotal role of digital transformation in shaping the automotive industry's future. We are embracing cutting-edge technologies such as artificial intelligence, the Internet of Things (IoT), and data analytics to elevate our operational efficiency, enhance customer experiences, and create novel business prospects. Through utilising the potential of digitalisation, we aspire to continually pave the way for industry innovation and adaptability.

Our Approach to Stakeholder Engagement
Stakeholder Group Whether identified as vulnerable & marginalised group (Yes/No)? Channels of communication (Email, SMS, Newspaper, Pamphlets, Advertisement, Community Meetings, Notice Board, Website), Other Frequency of engagement (annually/half yearly/quarterly/others) – please specify Purpose and Scope of engagement including key topics & concerns raised during engagement
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Employees

 No Training, Conferences, Engagement Surveys, Workshops, Employees in Organisation CSR Activities, Town Hall, Open Houses, Digital Bulletin Board, Cabinless Offices, and Capturing Voice through Survey Continuous
  • At Uno Minda, we embrace an inclusive leadership approach, ensuring that every member of the organisation is engaged in discussions regarding our strategic goals and decisions. We value feedback from all levels to enhance the overall effectiveness of our organisation
  • We hold virtual Town Hall meetings with our CMD and senior leadership team, providing a platform for all employees, regardless of their level, to participate. These sessions focus on communicating the organisation's vision, goals, achievements, plans, and strategy to everyone. Employees have the opportunity to offer suggestions, ask questions, and provide feedback through the Chatbox feature
  • We organise two Open Houses at each plant, where the management team meets with all employees, including both blue-collar and white-collar workers. Employees are encouraged to share their thoughts and raise any concerns they may have. All raised issues are assigned to the relevant departments along with closure timelines. The status of these points is regularly updated and posted on notice boards for transparency and accountability
  • Gathering Input through Surveys: We collect feedback through various structured survey methods such as Trainee Feedback, HR Services, PR Services, and Employee Engagement, among others. These inputs play a crucial role in involving individuals in shaping the organisation's strategies for the betterment of its members
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Customers

 No Conferences, Customer Meets, Plant Visits and Surveys Continuous
  • We continuously work to enhance our products and services by regularly gathering and analysing customer feedback to understand their preferences
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Suppliers

 No Supplier Communication Meeting, Supplier Satisfaction Survey, Annual Supplier Conference, Supplier Portal – Mindaconnect.com, Gemba Visit Daily Basis, Quarterly, Monthly, Yearly
  • Supplier growth and 3G performance expectations
  • Conducting QCDDR surveys to capture supplier feedback
  • Fostering supplier growth and 3G performance through appreciation and meetings to strengthen relationships
  • Onboarding suppliers to Uno Minda Connect for daily scheduling, dispatch, payment monitoring, outstanding payment tracking, material tracking, and GRN tracking, among others
  • Conducting daily/monthly Gemba visits to review and sustain safety, systems, and performance, and addressing their bottom-up concerns
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Technical Collaborators

 No Steering Committee Meetings and Plant Visits Continuous
  • We leverage their technological expertise, integrate it with our manufacturing processes, and utilise our strong customer relationships to deliver world-class products and solutions
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Communities

 No CSR Activities, Meetings and Briefings, Official Communication Channels, Including Emails, Advertisements, Publications, Websites, and Social Media and Notice Board Continuous
  • We carry out need assessment studies to understand the requirements of surrounding communities and develop CSR programmes accordingly. Our community initiatives aim to improve their standard of living and promote overall well-being
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Investors

 No Conferences, Annual Report, Notices, E-mail, Investor Meetings, General Meetings, Corporate Announcements, Newspaper Advertisements, Press Release, Investor Presentation, Quarterly & Annual Results, Corporate website at: https:// www. unominda. com/investor/ invites-and-announcements Quarterly and as per the requirement of Companies Act, 2013 and SEBI (LODR) Regulations, 2015
  • We prioritise prudent management of our financial capital to ensure sustained economic value generation, operate a viable long-term business model, and meet our shareholders' expectations
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Government & Regulatory Authorities

 No Official Communication Channels, Regulatory Audits/ Inspections, Environmental Compliance, Policy, Intervention, Good Governance, Statutory Corporate Filings As per the statutory requirements
  • Reporting and compliance with legal and regulatory requirements
Our Journey Ahead

As we continue to grow and adapt, our organisation is grounded by our guiding principles and strategic vision. While we continue to invest in new technologies, and innovative processes and improve our product portfolio, we are committed to delivering excellence to our stakeholders. Our consumer’s demands are continually changing, as they become more socially responsible and environmentally conscious. In line with this, the integration of sustainability in our operations is a key component to our future success. This will not only allow us to reduce our environmental footprint, but also deliver excellence to our stakeholders as their needs evolve. With a robust strategy that is built upon innovation, social impact, sustainability, and digital capabilities, we are aligning with the changing landscape of the industry and driving growth at the same time.