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“Success” doesn't make anyone a legend rather it is failure, hardship, will power and determination
that make a person “Great”. Legends who have taught us that sky is just a limit, who achieved
unachievable and encouraged new generations to attain greater heights. Here, I am talking about
the Founding father of Hero Group, Late Shri Dr. Brijmohan Lall Munjal. A visionary man who
started small, dreamt big and used a combination of grit and perseverance to create one of the
country's largest corporate groups. A larger than life persona, a well celebrated journey and a
pioneer; Mr. Munjal, who left for his heavenly abode on November 1, 2015 will always be fondly
Moving ahead with, In India, the annual growth rate in Gross Domestic Product (GDP) at market
prices measures the change in the value of the goods and services produced in India. The Indian
economy expanded 7.4 % YOY in Q2 of FY'2015-16 following an upwardly revised. Figures came
better than market expectations, boosted by financial, real estate and insurance activities and manufacturing. This scenario is
giving boost to investor sentiments which we see in growing Foreign Direct Investments. Also, The Government of India
encourages foreign investment in the automobile sector, allows 100 % FDI under the automatic route and aims to make
automobiles manufacturing the main driver of
'Make in India'
initiative as it expects Passenger Vehicles market to triple to 9.4
million units by 2026 as highlighted in the
Auto Mission Plan (AMP) 2016-26
. In the present scenario, Passenger Vehicle
segment grew in Q2 of FY 2015-16 by 6.9%, Two Wheeler segment maintained the same pace as last quarter resulting in total
1.2% overall industry growth. In this backdrop, our flagship company Lumax Industries Ltd. registered 6.3% growth rate and the
DK Jain Group registered 5.8% growth rate YOY.
Friends, the growing opportunities and favourable conditions have encouraged the path for innovation and excellence. As, the
Government plans to promote eco-friendly cars in the country i.e. CNG based vehicle, hybrid vehicle, and electric vehicle and
also made mandatory of 5 per cent ethanol blending in petrol, we need to imbibe more skills and become tech savvy to
withstand the growing competitive edge. The government has formulated a
Scheme for Faster Adoption and
Manufacturing of Electric and Hybrid Vehicles in India
, under the
National Electric Mobility Mission
encourage the progressive induction of reliable, affordable and efficient electric and hybrid vehicles in the country. In my
previous message, I shared that our group has launched a training school named “Gurukul”, now, the first batch has started with
10 fresh hired associates from LIL Bawal & LIL Dharuhera which is indeed a very fruitful step towards skill development.
Now, let me take the opportunity to congratulate
Lumax Cornaglia Auto technologies Pvt. Ltd.
for winning the
ACMA Award 2014-15 “Silver Trophy for Quality & Productivity” in small category
and Lumax
Auto Technologies Ltd. Waluj team for winning Bajaj “TPM” & “Quality-Silver” awards
. I would also like to
congratulate our CSR team who has kick started CSR in Pantnagar. Our Lumax family has a belief that the success of an
organization doesn't belong to a single person, rather it's a dream which become successful by joint efforts of the people and
our deeds for the wellbeing of mankind encourage us to perform best. It's not just an act rather an ideology that blends business
& ethics. And, this is reflected in our continued commitment to deliver high value through sustainable and responsible
stewardship in all aspects of our business.
Friends, the true glory doesn't lie with only winning a fight rather to sustain your victory throughout. We are our biggest
competitor. Our each step, each decision must be on the blueprint of performance better than before. The hunger to fulfil our
dreams will enlighten our path and in true sense, it'll lead us to success.
Dear Friends,
D. K. Jain
Group Chairman
God Bless!