In this exclusive interview with Krishnakumar Srinivasan, MD & CEO of the company, we learn that Shriram Pistons and Rings aims to uphold its dedication to conventional powertrain solutions while advancing into innovative technology as the mobility ecosystem shifts from internal combustion engines to electric vehicles.
At Auto Expo 2023, a wide range of piston, ring, and engine valve products from Shriram Pistons and Rings were on show. The event featured a variety of options, from two-wheelers to big trucks. “We are happy to announce the creation of a 170 diameter piston for use in big generator sets.
Additionally, we provide pistons for CNG and hydrogen applications. Since hydrogen requires a higher compression ratio, the hydrogen pistons need to be completely redesigned. As you can also see, the ball body requires very intricate machining, and the entire product is unique, according to Krishnakumar Srinivasan, managing director and CEO of Shriram Pistons and Rings Ltd.
Additionally, he stated that the device is at present in testing with a small number of consumers and is making commendable development. “Since we have done so utilising our internal research and development resources that we have set up over the years, these all originated locally. We are quite delighted how our crew of engineers had the ability to develop these goods for the Indian market,” he said. For usage in various transit applications, the electrical equipment presented at the exhibit included motors, controllers, and other sorts of motors with power ranging from 250 watts to 150 kilowatts. “Our product line offers a wide variety, while we additionally have forced cooling and glycol cooling ranges,” Krishnakumar said.
The author explained that they were designed with Indian conditions in mind so that “we could in fact maintain the engine at an excellent working temperature.” As a result, the magnets continue to have a very good life, and their efficiency remains at a plus 94–95 level, he continued. The business brags about having products designed specifically for the Indian market. The company is confident that this industry will grow in the near future and is testing an array of controller applications, especially ones that were created expressly for a few the Indian customers. We have a motor that is IP 67-certified. These are utilised underwater to ensure the sector may employ diverse water-based treatments with confidence throughout the year, including the monsoon, according to Krishnakumar.
A new growth driver
SPR Engenious Ltd. (SEL) will serve as the company’s future growth engine whilst Shriram Pistons and Rings (SPR) continues to serve as the growth engine for IC engines. The business is confident that IC engines won’t disappear very soon, and it will keep servicing them while taking into account SEL’s potential future business opportunities. The corporation makes investments in various initiatives using SEL. The ultimate pistons and IC engines that are manufactured globally will be maintained by us. For continued growth, we plan to invest in SEL. In the meantime, one of the endeavours where we have most recently invested is a firm named EMF Innovations (EMFI). Our Coimbatore-based company is supported by this Singaporean corporation. It will increase our market share for electrical motors and the controllers, according to Krishnakumar.
A Positive Future Ahead
Shriram Pistons and Rings was happy to participate in the event after the pandemic. Such involvement was crucial to the organisation in order to demonstrate the type of shift it is going through. We find it difficult to accomplish this via a single channel, thus participating in an event of this nature is crucial since it allows us to simultaneously appeal to a huge audience. This increases our reach, which is important, especially if a company is undergoing a substantial change in its whole portfolio, according to Krishnakumar. The company is confident about its future growth and wants to be known as a multi-product organisation. The markets are expected to develop strongly, notwithstanding the possibility that growth itself may be slightly restrained.
“We continue to project that the GDP will increase by roughly 6.86% this year and roughly 5% the following year. The geopolitical climate is the key driver of this transformation, and there is a lot of strain to keep costs stable, which might place pressure on volume, due to the ongoing dispute among Ukraine and Russia amid the industry’s rising inflationary trends. The market, however, never ceases to surprise us,” he remarked. “We have continued to see growth despite rising bank interest rates during the previous quarter. If we had to forecast how the next year would go, we would say that it is going to be somewhere between 10% to 15% better,” he said. “We anticipate that the results for this year will prove to be between 30% and 35% better than last year.”
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