text stringlengths 4 187 |
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segment inside the country? And how has that been moving over time? I'm just trying to get a |
sense of how the customer is thinking through kind of coupling up a motor and drive more and |
more in the country? |
ABB India Limited |
August 11, 2023 |
Page 19 of 20 |
Sanjeev Sharma: I'll let Sanjeev Arora answer it. So, just to let you know about drive. We have a very low-voltage |
motor drive as well as medium-voltage drive. And all of them go into critical applications. And |
Sanjeev, over to you. |
Sanjeev Arora: Thanks, Sanjeev, and thanks for the question. I think this is a very good question, which is close |
to my heart. And this is picking up in the right direction. Let me first start with this statement. |
So, earlier, we used to see that a very small segment of the end users, which are technically |
knowledgeable, were picking this as a case study or a proof of concept. But today, I can tell you, |
this is growing exponentially. Now in India, yes, there is a scope to grow further. But the concept |
of motors plus drive is good, because straight away you save 30% of energy. And with the |
corporate roles being very, very prominent when it comes to the carbon neutrality, sustainability |
and the initiatives on that, this energy efficiency movement with motors and drives is a key |
enabler and a low-hanging fruit for all segments and industries in which we operate. So, this is |
picking up, and we see exponential growth in this piece going forward. And I can also add that |
when it comes to the energy-efficient motors, we enjoy a very large share of i3, i4 range in the |
market. So, overall, it will be a game changer for the industries, and we are well prepared in this |
portfolio. |
Sanjeev Sharma: And Aditya, you can also help us along with your colleagues. So, you must be attending a lot of |
such calls with other companies. So, all the companies who use these motors and drives, you |
can ask them if they're using it because that can reduce them 30% energy, and that will go in |
their bottom line. So, you can, of course, mention this ABB drives and motors they should use |
because then they have a sure benefit. So, you can also help us the other way. |
Aditya Mongia: So, absolutely. You are the early movers; you should tend to benefit from that. And I look |
forward to hopefully a deep dive into energy efficiency as part of your presentation at some point |
of time. |
Moderator: Thank you. Ladies and gentlemen, that was the last question for today. I now hand the conference |
over to Mr. T.K. Sridhar for closing comments. Over to you, sir. |
T. K. Sridhar: Thank you very much. Thank you, once again, everyone, for attending this call, both from the |
analyst side as well as the management side. It is a Friday evening, so we do not want you to |
hold you back more in the office, and it's also a long weekend. So, I think with all the discussions |
what we did, I think we will continue to do our best. And we will come back again to you in the |
next quarter to have another good call. And before we sort of hang up, I wish you all a very |
happy Independence Day from our side. So, that's it. Jai Hind. |
Moderator: Thank you. On behalf of ABB India Limited, that concludes this conference. Thank you for |
joining us, and you may now disconnect your lines. |
(This document has been edited for improving readability) |
ABB India Limited |
August 11, 2023 |
Page 20 of 20 |
Investor / Analyst contact: |
TK Sridhar |
Chief Financial Officer |
sridhar.tk@in.abb.com |
Sohini Mookherjea |
Country Communication Manager |
sohini.mookherjea@in.abb.com |
Registered Office: |
ABB India Limited |
Plot No. 5 & 6, 2nd Stage, |
Peenya Industrial Area IV, Peenya |
Bangalore 560058 |
Karnataka |
CIN: L32202KA1949PLC032923 |
https://new.abb.com/indian-subcontinent |
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