What we do Rasandik Engineering Industries India Ltd manufactures sheet metal components, mufflers, fuel tanks, tools & dies, and electric three-wheelers mainly for automotive sectors. |
Founded in 1,984 |
Market share Emerging player in electric three-wheelers with established presence in automotive components manufacturing. |
Problem solved Provides integrated automotive parts and electric vehicle solutions, addressing the demand for durable vehicle components and clean transport. |
Top clients or who we serve Automotive OEMs like Maruti Suzuki, Tata Motors, Mahindra; serves B2B customers in vehicle manufacturing and electric mobility. |
Key management - |
Our journey and innovations Started in 1984; expanded to electric 3-wheelers in 2008; launched 'SAMRAT' electric vehicle brand in 2023; set up advanced testing and manufacturing facilities. |
Where we operate Primarily India with growing focus on domestic electric vehicle market and exploring exports. |
Top products or what we offer Sheet metal components, mufflers, fuel tanks, tools & dies, and electric three-wheelers under 'SAMRAT' brand. |
Top brands SAMRAT Electric 3-Wheelers – new EV brand launched in 2023; established supplier to major automotive manufacturers. |
Raw materials needed Sheet metal, fuel tank materials, components for mufflers and EV assemblies. |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue is a mix of recurring automotive component orders and cyclical electric vehicle sales. |
Our industry position Well-positioned in automotive components with growing footprint in electric three-wheelers, aiming to gain OEM market share. |
Financial highlights FY 2024-25 revenue Rs 69 crore; net loss Rs 5.6 crore; previous year had higher revenue and profit. |
Geographical revenue split Revenue mainly from India; export activities under exploration. |
Order book - |
Whats driving growth Electric vehicle market growth, OEM partnerships, focus on EV three-wheelers, and expanding manufacturing capabilities. |
Our future plans Strengthen EV product lineup, increase market penetration in electric three-wheelers, and enhance production capacity. |
Our green promise Focus on electric vehicles supports cleaner transportation; ISO 14001 certified for environmental management. |
Our people and values Committed to ethical governance, employee welfare, and zero tolerance for corruption. |
Key challenges ahead Market competition in EV segment, financial losses, and scaling production effectively. |
Interesting facts Launched one of India’s early electric three-wheeler ranges; operates a comprehensive in-house testing lab. |
Risks and strategy Address operational losses via EV market growth; leverage OEM relationships; focus on sustainable products. |
