What we do Munjal Showa Ltd manufactures automotive components like front forks, shock absorbers, and struts primarily for two-wheelers and four-wheelers in India and overseas. |
Founded in 1,985 |
Market share Among largest shock absorber suppliers to major auto manufacturers in India and global markets including Japan, US, and UK. |
Problem solved Provides high-quality automotive suspension components enhancing vehicle safety, ride comfort, and durability for two- and four-wheelers. |
Top clients or who we serve OEMs like Maruti Suzuki, Hero Honda, Honda India, Kawasaki, Bajaj; primarily B2B serving major vehicle manufacturers. |
Key management - |
Our journey and innovations Since 1985, developed front forks, dampers, struts for leading bike and car models; expanded capacity and new plants activated; automation and lean TPM implemented. |
Where we operate Manufacturing in India (Haryana and Uttarakhand); exports to Japan, Germany, US, UK. |
Top products or what we offer Shock absorbers, front forks, struts, gas springs, window balancers for two-wheelers and four-wheelers. |
Top brands Supplies components to flagship models of Maruti Suzuki, Hero Honda, Honda India; key revenue driver in suspension segment. |
Raw materials needed Steel and other metal components primarily sourced for manufacturing suspension systems. |
Raw materials supplier Local and international steel suppliers; component sourcing not explicitly detailed. |
Recurring vs cyclical contribution Revenue largely recurring from OEM contract manufacturing with some cyclical automotive demand exposure. |
Our industry position Leading supplier in automotive suspension components with strong OEM relationships and technology collaboration with Showa Corp. |
Financial highlights FY25 revenue approx. Rs. 1250 crores; net profit Rs. 28.87 crores; stable profitability with moderate growth. |
Geographical revenue split Predominantly domestic revenue (~1250 cr), with minor overseas sales (~0.37 cr). |
Order book - |
Whats driving growth OEM demand, new model launches, capacity expansions, in-house automation, and lean manufacturing. |
Our future plans Capex focused on automation, new product development, and expanding manufacturing capabilities. |
Our green promise Strong focus on waste reuse, energy conservation, pollution prevention, and green vendor development. |
Our people and values Around 2000 employees; emphasis on safety, skill development, and employee engagement programs. |
Key challenges ahead Raw material price volatility, regulatory compliance, competition, concentration on limited user segments. |
Interesting facts First in India to implement TPM with Japan link; built over 1100 specialized manufacturing machines in-house. |
Risks and strategy Managing market competition and supply chain risks via quality focus, vendor development, and regulatory compliance. |
