TABLE OF CONTENTS

SL. NUMBER CONTENTS PAGE NUMBERS

1 Executive Summary

2 Theoretical Background of The Study

3 Industry Profile &Company Profile

4 Application of Theoretical Framework

Analysis and Interpretation of Financial

5
Statements and Reports
Learning Experience- Findings,
6
Suggestions and Conclusion

7 Bibliography

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Executive Summary:

Sun Mobility Pvt Ltd is a pioneering company in the field of electric mobility infrastructure,
based in India. Founded by Chetan Maini and Uday Khemka, the company aims to address
the key challenges hindering the widespread adoption of electric vehicles (EVs) by providing
innovative energy solutions.

Sun Mobility's core offering revolves around its unique battery swapping technology, which
enables quick and convenient exchange of depleted batteries for fully charged ones, thus
eliminating the need for long charging times and infrastructure constraints. This approach
significantly enhances the feasibility and scalability of EVs, particularly in high-demand
sectors such as commercial fleets and public transportation.

The company has strategically positioned itself as a comprehensive solutions provider,

offering not only battery swapping stations but also integrated software platforms for fleet
management and energy optimization. By partnering with original equipment manufacturers
(OEMs), fleet operators, and energy providers, Sun Mobility has fostered a collaborative
ecosystem aimed at accelerating the transition to sustainable mobility.

Key highlights of Sun Mobility's business strategy include:

1. Innovative Technology: Sun Mobility's proprietary battery swapping technology sets it

apart in the market, offering a cost-effective and efficient solution to the EV charging
dilemma. The company continues to invest in research and development to enhance battery
performance and reliability.

2. Strategic Partnerships: Collaborations with leading players in the automotive and energy
sectors have enabled Sun Mobility to scale its operations and reach a broader customer base.
These partnerships also facilitate the seamless integration of its solutions into existing
infrastructure and vehicle platforms.

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3. Market Expansion: With an initial focus on the Indian market, Sun Mobility has
demonstrated significant potential for expansion both domestically and internationally. The
company is actively exploring opportunities in regions with favorable regulatory
environments and growing demand for clean transportation solutions.

4. Sustainability Focus: Sun Mobility is committed to sustainability across its operations,

promoting the use of renewable energy sources and actively contributing to the reduction of
carbon emissions in the transportation sector. By aligning its business goals with
environmental objectives, the company seeks to create long-term value for stakeholders.

As the global shift towards electric mobility accelerates, Sun Mobility is well-positioned to
capitalize on emerging opportunities and shape the future of transportation. With its
innovative technology, strategic partnerships, and commitment to sustainability, the company
aims to revolutionize the way people and goods move, driving towards a cleaner, greener,
and more efficient transportation ecosystem.

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 CHAPTER-01

THEORETICAL BACKGROUND OF THE STUDY

Business directors will develop a basic understanding of the confusing financial environment
through Financial Introduction: Markets, Investment, and Financial Management, Program
Fifteen. This content presents an overview of the fund’s three regions: establishment and
markets, speculation, and financial management. The models are completely updated
throughout to provide the most important data. Discussions of corporate practice practice
help them by increasing the maximum understanding of independent application applications.
Many of the highlights are moral inclusions to reflect elements in current affairs. Additional
completion of class questions and call profiles includes enabling business managers to link
text to the current reality. Used Good Book

Account is the name of problems related to management, execution, and investigation and
speculation. Money can be logically divided into three categories, open fund, corporate
account, and individual funds. There are many other specific categories, for example, the
ethics fund, which looks at accepting intellectual interpretations (e.g., Romance, social and
psychological) of financial related options.

The Account, as part of a hypothesis and practice from the financial aspects, emerged in the
1940s and 1950s by Markowitz, Tobin, Sharpe, Treynor, Black, and Scholes, to give some
examples. Obviously, wallets, for example, cash, banking, lending, and donations - have been
around since the beginning of human history in one building or another.

Today, the "account" is usually set up in three general categories: the government's coffers
include billing structures, government spending, spending strategies, remediation and
instruments, bond issues, and other government concerns. A business account includes
managing resources, liabilities, revenue, and business obligations. Individual income reflects
all financial and family choice options, including planning, protection, contract planning,
savings, and retirement planning. A fund is a term that fully reflects the research and
planning of finances, businesses and other financial instruments. Money can be divided into
three intangible categories: open account, corporate wallet, and individual wallet. Late
sections include account and behavior wallet.

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Objectives of study

1. To gain more knowledge in the field of tax of the company.

2. To study various components of taxation.
3. To draw valid conclusions and recommendations
4. To study the practical difficulties faced by the company.

What is Finance?

Finance is about the main concern of business fitness.

• All business cycle cycling:

- Real resources (vague and inaccessible).

- Financial resources.

Two places of business:

- Increase wealth.

- Use the resources (benefits) to address the major financial problems.

• In finance, a business choice is reduced to a profit margin.

• Financial balance is an important account issue.

Various categories of finance

1.Open finance

The central government prevents disappointment by monitoring part of the assets, distribution
of wages, and economic reforms. The traditional funding of these programs is usually
confirmed by tax assessment. Finding in banks, insurance agencies, and various governments
and getting profits from its organizations also helps fund the central government.

More and more local governments and neighbors are receiving awards and assistance from
the government. Different wellsprings open funds include customer costs from ports, air

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traffic controllers, and various offices; penalties resulting from overruns; licensing fees and
costs, for example, for driving; and government security deals and security issues.

2.Company Finance

Organizations receive funding in a variety of ways, ranging from pricing to credit systems.
The firm may apply to the bank for a credit line or mastermind for a debt extension.
Protecting and managing responsibilities effectively can enable an organization to stretch and
make a profit.

New companies can earn money from blessed financial professionals or investors by
restoring the level of ownership. In the event that the organization prospers and opens up the
world, it will provide shares in the stock trading; such an open donation (IPO) brings an
incredible flood of money to the company. Created organizations can sell offers or issue
securities to companies to fund them. Organizations may purchase dividends, blue-chip
bonds, or interest-bearing holders (CDs); they may purchase various organizations for the
purpose of maintaining their income.

For example, in July 2016, paper distributor Gannett announced total compensation for the
second quarter of $ 12.3 million, down 77% from $ 53.3 million in the second quarter of
2015. However, as a result of the acquisition of North Jersey Media Group and Journal Media
Group in 2015, Gannett unveiled the most significant distribution figures in 2016, bringing a
3% increase in gross salary to $ 748.8 million in the next quarter.

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3.Individual Finance

Financial planning alone includes violating the current individual or family budget status,
current expectations, and long-term travel needs, and arranging to meet those needs within
the limits of individual finances.

Individual account issues including currently not limited to, purchases of financial items for
special reasons, such as MasterCard; health, welfare, and home security; home loans; and
retirement items. Each bank (e.g., audit and investment accounts, IRAs, and 401 (k) plans) is
also considered part of each.

The most important parts of each fund include:

 Assessing the current financial situation: cash flows, current investment funds, and
hence forth.
 Protection Purchase protection to protect yourself from danger and ensure that your
physical appearance is safe
 Charges Computer and stationery costs
 Reserve fund and speculation
 Retirement Planning

As a particular sector, each currency is a continuous change of events, but its variants have
been taught in colleges and schools as “home finance” or “consumer finance issues” since the
mid-twentieth century. Initially the field was ignored by male market analysts, as “domestic
finance features” were seen, as in all accounts, as domains for women in the household. More
recently, market analysts have been focusing on remote training and news on each account as
a key component of the overall economic development of the general public.

4.Public Finance

Social funding usually refers to businesses made up of social events involving large
organizations and a few cooperatives. Instead of an internal and external gift, this speculation
is seen as a valuation of a value or obligation, in which the speculator considers both
monetary-related compensation as a public benefit.

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The current forms of social capital include a few fragments of small funds, which are clearly
evolving for entrepreneurs and entrepreneurs in less developed countries to empower their
development efforts. Banks benefit from their development while at the same time helping to
improve people's livelihoods and benefit the local community and the economy.

Public service bonds (otherwise called Pay Profit Bonds or public benefit bonds) are a type of
metal that travels as an agreement with an open space or local government. Reimbursement
and interest rate depend on the achievement of certain social outcomes and achievements.

5.Ethical Finance

In the past evidence of speculation and speculation suggests that general budget assumptions
were rational in anticipation and clarification of certain types of financial periods. In any
case, as time went on, scholars in the fields of finance and finance saw the uncertainties and
practices that actually could not be explained by any accessible theories. It has become
increasingly clear that conventional thinking can specify certain "glorified" moments,
however that the current reality, in fact, is confusing and confusing, and that market members
tend to engage in irrational practices, and in these ways, it is difficult to imagine as
demonstrated by those models.

Thereafter, scholars began to study the science of the brain in order to represent the absurd
and absurd behaviors that are not explained by modern money hypothesis. Practicing science
is a field created by these efforts; attempts to clarify our duties, even if the current account
seeks to clarify the duties of the glorified "financial man" (Homo economus).

The ethics fund, the sub-sector of social finance issues, proposes brain research ideas to
clarify financial-related factors, for example, excessive increases or decreases in stock costs.
The aim is to see and understand why people live in certain financial decisions. Within the
ethics fund, it is expected that the formation of data and the qualifications of market members
will have a positive impact on the choice of human participation and market outcomes.

Daniel Kahneman and Amos Tversky, who first met in the late 1960's, were considered by
many to be the fathers of moral finance. Accompanying them later was Richard Thaler, who
combined financial aspects and sponsored aspects of brain science to formulate ideas such as
mental retardation, the effect of enrichment, and various approaches to human behavior.

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Money compared to Economics

Financial and account matters are interdependent, advisable and impact on each other.
Speculators care about financial information because they also affect business sectors in
general. It is important for speculators to avoid disputes "and / or" regarding financial and
financial aspects; both are important and have great applications.

As a rule, a focus area on financial matters - especially macroeconomics - will often be a

major reflection on the environment, for example, how a nation, region, or market works.
Financial matters can likewise fall into open strategy, whereas the focus of money is on an
individual, an organization or an obvious entity. Microeconomics reveals expectations when
certain conditions change in a business, firm, or at each level. In the event that the
manufacturer increases the cost of cars, microeconomics says consumers will buy less than
before. In the event that a large copper mine collapses in South America, the cost of copper
will increase exponentially, because the limit is limited.

The fund is increasingly focused on how organizations and financial experts assess risk and
return. Of course, financial aspects have been speculated and money is gaining momentum,
but in the last 20 years, graduates have become increasingly popular.

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Financial objectives

1. Income Generation:

Payment increase is a very important and very important goal of the business budget.
Revenue improvement comes from increasing deals and promotional exercises, and is
concerned with higher income growth before costs. Organizations often set profit targets in
relation to inflation as opposed to focusing on specific amounts. Example: Business finance
planning areas increased by 15% annually for the first five years of operation.

Driving revenue and reliable profits are an important target for any business. Making honest
money is actually a good indicator of the business life cycle. Pay the target as an indicator of
the level of development.

2. Total income:

Benefits are the main objectives of a business account that are more refined than age. Any
amount left over from deal revenue after the total amount of expenses paid is deemed to be
profitable. Profit, or the main benefits of concern, can be used in a variety of ways, including
putting it into business to expand and transfer to employees

Benefits are fully affected by salary, at the same time and cost. Keeping costs low by finding
and building organizations with trusted providers, doing tasks with a low productivity and a
popular position that uses scale, costing a few strategies, can make you more money after
covering all your tabs.

3. Oversight:

Jobs are one of the most important goals of a business fund to keep the business going. Key
objectives include HR measures, bookkeeping policies to make financial investments and
installments in the schedule and on a daily basis for each activity. With the exception of
sound and unattainable workplaces, achieving wage objectives becomes more determined.

4. Profitability and efficiency:

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Adding representation and making a profit drives money. Setting goals for each quarter, year,
month, or week is just the beginning. Calculating the capacity to promote satisfactory goals
will build performance and profitability.

From time to time, organizations or brands may become increasingly concerned about
significant budgetary considerations. To save an incentive process, which predicts business
account locations that attempt to keep the brand name alive and to keep current levels of
revenue and profits from falling during the depreciation phase in relation to the actual
presence / brand cycle.

Organizations may be concerned about financial support in times of war, too. Typical
financial goals for endurance remember the collection of all the amazing bonds over time in
addition to the completion, careful use of the bond and the money that remains stable.

6. Customer loyalty:

The customer begins to worry and moving the fulfillment is the basic area of the business
account. Take customer reviews and make a goal to always want improvement up close.
Happy customers left the good audit, spreading the good news and undoubtedly committed to
reviving the business.

7. Key Investment Profits:

Profit ratio (ROI) ratio can be used in two important cases. First, ROI is concerned with using
the benefits generated by speculation as an important target of a business’s finances.
Entrepreneurs need to ensure that the frames, hardware, gear and other furniture they
purchase generate enough revenue to justify the purchase costs.

In addition, the ROI applies to stocks, bonds and other speculative instruments. The same law
applies to these companies, however, but it is not uncommon for there to be a benefit to the
body that is used to produce a return. Instead, the ROI of business assets is controlled by
looking at the premium, profit and allowances approved from speculation on business costs
and open department costs to discard option options.

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8. Independent Benefits

Performance and performance are important, simultaneous well-being is actually an

important objective of a business account. Logical rewards and benefits are goals driven by
each business that should make an effort to meet them. Happy employees and sound
representatives benefit greatly.

9. Disaster / Event Plans:

Stunning events can disrupt business continuity without some relevant training. It is possible
that one thing to continue with an organization cannot stop you. For example: workers go on
strike, a catastrophic event, stop production, and an economic crisis. How will your business
survive? make the progression of potential areas to prepare for the worst situation.

10.Management and Administration:

Hiring and building co-directors and business pioneers is a very important goal. Authority
maintains basic beliefs and drives business continuity for development. Organizations that
focus on building the best action as important business account principles are on the right
track.

Excellent financial images: features

The purpose of any business is to expand and bring cash to investors, which assesses the cost
of the organization’s stock. What are the habits you can satisfy your financial goals? Here are
some of the key points of the current fund for your understanding.

1. Opportunities to Guess:

A key part of the account is looking forward to the opening of the engagement. An account is
required to deposit your money to make a fortune or to reap profits from it. There is a wide
range of market involvement such as buying land, buying a home, putting resources into your
business idea, buying stocks, stocks or financial related instruments. With these business

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openings you can create wealth. Further keep in mind that the average rate of profit
consistently continues to change depending on financial factors.

2. Component and expenditure:

The most notable financial feature of each organization is that the business must ensure that
good grants are open from timely sources. It requires choosing strategies, systems and types
of monetization, whether or not it goes beyond the security issue or the bank debt. At the time
when the asset is raised, the next step is to dedicate those assets to various endeavors,
businesses, and so on. Basically, a particular business focuses on increasing profits and
profits. Proper use of the account depends on the processes of guessing, methods, selection,
controls and board rules and strategies for productive results.

3. Upgrade Your Investment:

A good way to reduce the chance and increase your business profits / profits is to increase
your guesses. The most important of the money is to grow your donor goods and you may
need an extra fund for your expansion needs. Many experts have suggested that sharing all
your assets from a variety of sources to the same place increases your risk of guessing. You
should grow your business for example: 20% share in reserves, 20% allocated to shared
assets and 60% supply of goods or services.

4. Financial Decision Making:

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Dynamic is one of the most important financial institutions. If you happen to be a reputable
budget planner and you can thoroughly investigate but you can't choose there is no agreement
or reason. Initially, you have to set your own money-related strategies, in addition your fund
plans the board’s plans and after the right time you have to choose. Leaving back with the
help of information you will continue to develop your dynamic skills that will help you to
achieve higher profits.

5. Financial Management:

Strengthening the balance of the organization is one of the highlights of the fund which is the
goal of the organization. In this way, the financial objectives are to ensure that an adequate
account and flexible assets are accessible to the business at random and in addition to
reasonable loan costs. Money assists a business by using funds and assets efficiently to meet
financial standards, efficiency and risk prevention. Provides remote management, business,
planning and control selection.

End:

Snatching open production doors is one of the most important financial factors to achieve that
goal. Leave your criticism in the comments area, so we can better serve our tailors regularly
and consistently.

Finance Law in India

Financial Law [1] is the most important law in India. The Central Government, through this
Act, contributes to the budget recommendations for the start of each financial year. This Act
applies to all countries in the United States and the Union Territories of India unless
otherwise stated.

The Legislature therefore enlists this Act which renews itself annually. All Government
financial plans are remembered by this Act. Current strategies, new arrangements, as well as
changes made to existing methods are fully included here. Each financial law is approved by
the President of India.

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Important Financial Law

Every memorable part of the Finance Act relating to a particular Financial Year is obviously
important. All things considered, there are some things that cover others.

The most important part of the guidelines set out in the Act such as Income Taxes.
Accordingly, the Act sets out in detail all related provisions identified by the National Taxes.
Since this applies to a large number of citizens, it is considered one of the most important.

The Finance Act responds by setting out the categories of work that apply to citizens. The
law includes a variety of frauds identified

 Pay with salary

 Rural income
 Testing lumps for older citizens
 Pieces Fragments of the work of the Oldest Residents\
 Personal tax deductions
 Services charged by organizations
 Duty Development work

These are just a few of the many, many features that have been included in this series of
articles.

TAXING

Tax collection, the burden of taxes paid to individuals or things by governments. Jobs are
needed in all nations of the world, primarily to increase government spending, even though
they also meet a variety of needs.

Total tax collection, rates, destinations, and supplies; Clearly, the article examines the nature
and motives of tax assessments, whether costs should be expedited or explicitly, background
tax assessments, tax assessment principles and rules, and financial implications of tax
collection, including delivery and probability is transferred from one person or thing to

15
another. For further discussion of the tax collection function in financial strategies, see the
government's approach to finance. In addition, check the exchange of earth data with levies.

Nowadays economic costs are the most important source of legal revenue. Fees vary from a
variety of sources to an obligation that requires and remains solitary - that is, they are usually
not paid for certain refunds, for example, some open-ended assistance, open supply, or the
issuance of an open bond. While cases are clearly funded by the government for all citizens,
the responsibility of each citizen is independent of the particular benefit received. In any case,
an important exemption: for example, financial contributions are usually deducted from the
employee's salary to support retirement benefits, medical installments, and other government
retirement plans - which are usually in the public interest. Because of the possible connection
between the costs paid and the benefits incurred, financial costs are sometimes referred to as
“commitments” (as in the United States). All things considered, installments are always
obligatory, and communication and benefits are now very weak. Another case of profit-
related costs has been found, if at liberty, the use of engine functions enables to support the
maintenance and upkeep of roads and parking spaces, the management of which can be
distinguished separately by consuming heavy engines.

Motives after Tax-objective

During the nineteenth century the prevailing idea was that jobs should work mainly to
support the legislature. In the past, and even today, governments have used tax assessments
for non-financial purposes only. Another useful way to identify the reason for tax
assessments, which is not clear from American financial expert Richard A. Musgrave, is to
identify the principles of asset selection, salary redistribution, and financial stability.
(Financial development or development and global vulnerability are sometimes listed as
illegal targets, but for the most part they can be returned under the other three.) Without a
strong definition after impedance, for example, the need to reduce pollution, main purpose
determined by the market. The next objective, redistribution of income, is intended to reduce
the disparity in the distribution of income and wealth. The goal of reform — made up of a
strategic plan, a fiscal strategy, a spending strategy, and a responsibility of management — is
to maintain high performance and the importance of resilience.

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There will probably be a conflict between these three objectives. For example, the
distribution of assets may require a change in the level or synthesis (or both) of jobs, but such
advances can be very costly for low-income families - which is why irritating the
redistribution goals. As an alternative model, deeply shared responsibilities can conflict with
the efficient allocation of assets needed to achieve the goal of financial impartiality.

Fayol Principles

1. Division of Work - When representatives are defined, yields can increase because they
become more sustainable and productive skills. The work was assigned to the workers
according to their expertise and shared equally among all of them.

2. Authority - Managers or supervisors have the full authority to delegate their subordinates
to all departments and to monitor them on an ongoing basis. Managers must be able to deliver
orders, but they must also remember that power comes with responsibility.

3. Disciplinary action - Employees of the organization are disciplined and committed to the
work they do. Discipline should be kept in association with the association, but strategies to
do so may vary.

4. Unity of Command - All subordinates report to one or more managers in their

departments. Employees should have one direct manager.

5. Unity of direction- Teams with the same goals should work under one manager, using one
system. This will ensure that the work is well planned.

6. Subjection of Individual Interests to the General Interest –- All employees work for the
purpose of the organization and no one is working for their own benefit. The interests of one
representative should not be allowed to take precedence over those of a meeting. This
includes directors.

7. Compensation - Employees are remunerated according to their work and efforts.

Completion of employees depends on compensation for everyone. This includes monetary
and non-monetary payments.

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8. Centralization - Some responsibilities are in the hands of management and not everything
is placed in the hands of its subordinates. This guide identifies how close employees are to a
dynamic cycle. It is important to focus on the right unity.

9. Scalar Chain - Employees should know where they live in the organization process, or in
leadership.

10. Orderliness - The office is kept completely clean which makes people want to work.
Office offices must be perfect, clean and safe for their representatives. Everything should
have its place.

11. Equality - All managers such as assistant managers, supervisors, senior managers, treat
all their subordinates equally and maintain a friendly environment. Managers should provide
employees with consistency; both keep discipline relevant and work kindly where
appropriate.

12. Employee Stability - Most employees are experienced and older in their work which is
why the company retains most of its employees at a lower cost. Managers should try to
reduce the limit of representative income. Staff planning should be a necessity.

13. Initiative - Everyone in the organization equally participates in all that is planned for
them. Employees should be given a critical level of opportunity to make and complete plans.

14. Esprit de Corps - There is an ongoing incentive among staff to keep them strong and
complete tasks. Organizations should strive to promote cooperation and solidarity.

Organisational structure of the company

1. Operational Performance Structure

One of the most common types of organizational structures, a functional structure makes an
organization an organization based on the general functions of the organization.

An organization with an effective org structure, for example, can bring all the vendors
together in one department, gather all the vendors together in a different department, and
bring all together.

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A functional structure works with a high level of staff choice, and is easy to deploy as the
organization grows. And the natural mechanical structure - which has the potential to slow
down employee growth - placing staff in skills-based departments can still allow them to
delve deeper into their field and find out how well they fit.

Barriers created between departments can also reduce people's knowledge and interaction
with other departments, especially those that rely on other departments for success.

2. Product Separated Structure

An organizational structure consists of many, small functional structures (meaning that each
category within a building can have its own marketing team, its sales team, etc.). In this case
- a product-specific structure - each category within the organization is assigned to a specific
product line.

This type of structure is suitable for multi-product organizations and can help reduce product
development cycles. This allows small businesses to enter the market with new offerings
quickly.

It can be difficult to measure under a product-oriented structure, and the organization may
end up with duplicate resources as different categories strive to develop new offerings.

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3. Market Separated Building

Another variation of an organizational structure is a market-based category, where

organizational diversity is based on markets, industries, or customer types.

A market-based structure is suitable for an organization that has different products or services
in certain market segments, and is most effective, especially if that organization has advanced
knowledge of those components. This organizational structure also keeps the business
informed of changes in demand between its different audience segments.

Excessive independence within each market-based group can lead to fragmentation of

growing inconsistent systems. Separation can also end up repeating unintended tasks that
other categories already handle.

4. Zoning Structure

The structure of an organization builds its divisions by - you guessed it - geography.

Specifically, spatial distribution can include areas, regions, or regions.

This type of structure is best suited to organizations that need to be proactive in providing
resources and / or customers (e.g. on-site delivery or support). It also incorporates a wide
range of business expertise, allowing each section of the site to make decisions on a variety
of ideas.

The worst thing about a local organizational structure: It can be easy for decisions to be made
to a minimum, as geographical divisions (which may be hundreds, if not thousands of miles
away from corporate headquarters) tend to be more independent. And if you have more than
one marketing department - one for each region - you run the risk of creating competing
campaigns (and weakening) other categories on your digital channels.

5. Process Built in Process

The organizational structures designed for the process are designed around the end of the
various processes, such as "Research and Development," "Customer Acquisition," and "Order
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Fulfillment." Unlike a solid structure, a process-based process looks not only at the tasks
performed by employees, but also on how different functions meet.

To better understand the diagram below, you need to look at it from left to right: The
customer acquisition process cannot begin until you have a fully developed product to sell. In
the same way, the order filling process cannot begin until customers are received and there
are product instructions to be completed.

The process-based organization is well-suited to improve business speed and performance,

and is particularly suitable for those in the rapidly changing industries, as it is highly flexible.
This leads to communication problems and outsourcing to other groups and employees.

6. Matrix structure

Unlike other structures we have looked at so far, the structure of the matrix organization does
not follow the traditional, sequential model. Instead, all employees (representing the green
boxes) have two reporting relationships. Typically, there is an active reporting line
(highlighted in blue) and a product-based reporting line (shown in yellow). In our example
below, it is clear that performance reporting is superior to product-based reporting.

A major complaint of the matrix structure is that it can provide both flexibility and decision-
making in moderation (as there are two command chains instead of just one). Having one
project managed by more than one business line also creates opportunities for these resource
sharing companies to communicate freely with each other - things they may not otherwise be
able to do. Have I been the core of the structure of the matrix organization? Being complex.

7. Circular Structure

Although it may seem very different from some of the organizational structures highlighted
in this section, the circular structure still relies on management, with high-level staff living in
the inner circles of the circle and lower-level workers living in outer rings. Instead, they are at
the center of the organization, spreading their ideas abroad.

From a conceptual point of view, the circular structure is designed to promote communication
and the flow of information between the various parts of the organization. While the
traditional framework represents different departments or categories as individual,
independent branches, a circular structure reflects all categories as part of the same object.

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From a practical point of view, a circular structure can be confusing, especially for new
employees. Unlike the traditional structure, at the top, a circular structure can make it
difficult for employees to find out who they are reporting to and how they are intended to
enter the organization.

8. Flat structure

While the traditional structure may look like a pyramid - with many positions of
management, managers and directors between staff and leadership, the flat structure balances
management standards and therefore all employees are a few steps away from leadership.
And it may not always take form or pyramid, or any structure of that matter. As we
mentioned earlier, it is also a type of "Organic Structure" mentioned above.

This structure is probably one of the many details, it is also thought that employees can be
more productive in an area where there is a lot of pressure related to the authorities. This
structure can also make employees feel like their bosses are more like team members than
intimidating bosses.

When there is a time when the parties in a flat organization disagree on something, such as a
project, it can be difficult to align and get back on track without management decisions from
the leader or manager. Because of the complexity of a building's design, it would be wrong to
determine which supervisor the employee should go to if he or she needed approval or a
management decision. So, if you choose to have a flat organization, you should have a
management section clearly marked or the way employers can approach when they get into
these situations.

9.Network Design

Network design is often done when one company works with another to share resources - or
when your company has multiple locations with different functions and leadership. You can
also use this structure to describe the workflow of your company when most of your
employees or services are sent to private or other businesses.

22
The building looks almost identical to the Division building, shown above. If your company
does not do everything under one roof, this is a good way to show employees or stakeholders
how off-site outsourcing works. For example, if an employee needs help from a web project
blogger developer and the company's web developers are excluded, they may look at this type
of chart and know which office or person you can contact outside of their workplace.

The layout of the chart can vary depending on how many companies or areas you work with.
If it is not kept simple and clear, there can be a lot of confusion if many offices or freelancers
do the same things. If you are outsourcing or have multiple office locations, make sure your
org chart clearly states where each role and function is located so that someone can easily
understand your basic company processes.

Span of control in the organization

In simple terms, control time means the controllable number of subordinates. The larger the
subordinate control he controls, the wider his or her control period.

In a successive business organization, some time ago it was not uncommon to see an average
length of 1-to-4 or less. In the 1980s corporate executives held multiple organizational
structures making average rates close to 1-to-10. That was made possible especially by the
development of inexpensive information technology. As information technology develops it
is able to simplify many of the tasks of middle managers - tasks such as collecting,
manipulating and presenting performance information - senior managers have found that they
can hire fewer middle managers to do more management work for less.

The current shift to self-regulatory groups and other non-sequential structures has made the
impression that control time is less important.

Opinions about the size of the control time go back to V. A. Garifuna’s. In 1933 he used
speculation about mental energy and the amount of time he spent paying attention to material
collection. Despite many efforts since then, no convincing comments have been made. A
different view is suggested by Elliott Jaques [1] who may have less than a dozen strangers in
the sense that they can evaluate personal performance.

Factors affecting control time

23
These are the factors that affect control time:

Geographical distribution, if the business branches are severely dispersed, then the manager
will find it difficult to monitor each of them, thus shortening the control time.

Staff capacity: if employees are more efficient, they need less supervision, and they can be
left alone, e.g., type Theory Y people, they do not need to be closely supervised as they are
motivated and take action; thus, the length of the control period may be longer.

The strength of the management, a knowledgeable and responsible manager, good staff
knowledge and good working relationships, will be able to manage more employees.

Manager Value: a manager who adds value by training and developing new skills for
employees will need less management time than one focused on performance management
only (this is a reversal of staff qualification capabilities above)

Job uniformity: if the tasks performed by subordinates are the same, the control period may
be longer, as the supervisor may monitor them all at the same time.

Capacity of other responsibilities: if the manager has other responsibilities, such as

committee membership, project involvement, stakeholder engagement, the number of direct
reports will need to be kept to a minimum.

Management responsibilities required: if the supervisor is required to have regular face-to-

face meetings, comprehensive appraisal and development plans, discuss salary benefits, write
job descriptions and employment contracts, explain employment policy changes, and other
administrative work, administration time may be reduced. Simplifying the business process,
efficiency and effectiveness can reduce control time.

Delegation of authority and responsibility

Authority - in the context of a business organization, authority can be defined as the power
and right of a person to use and distribute resources effectively, to make decisions and to give
orders to achieve the objectives of the organization. Authority must be clearly defined. All
people in authority should know what their authority is and not abuse it. The authority has the
right to issue orders, order and get things done. Top management has a lot of power.

24
Authority always flows from top to bottom. It describes how the supervisor is doing the work
under him by clearly defining what is expected of him and how he should perform it. The
mandate must be accompanied by an equal amount of obligation. Giving authority to
someone does not mean that you have to give up control of your life. Accountability remains
to the person with full authority.

Responsibility - it is a person's responsibility to complete a task. The person assigned to the

task must make sure that the task at hand is carried out. If the tasks assigned to him are
incomplete, then he should not provide explanations or excuses. Commitment without
sufficient authority leads to dissatisfaction and dissatisfaction within the individual. Work
flows from bottom to top. Intermediate level and low-level management have a major
responsibility. The person in charge of the job task responds to it. If he performs his duties as
expected, he is worthy of praise. When he does not fulfill his responsibilities as expected, he
responds accordingly.

Assigning tasks - The delegate first attempts to define the duties and responsibilities of the
subordinate. It should also explain the expected outcome to those below. The clarity of the
task and the expected result should be the first step in the deployment.

Delegation of authority - The separation of authority occurs when the superior separates and
shares his authority with the lesser one. It is for this reason that every lowly person should be
given sufficient independence to carry out the duties assigned to him by his superiors.
Managers at all levels delegate authority and power to comply with their positions of
responsibility. Energy separation is very important to get effective results.

Creating responsibility - The transfer process does not end when the power is given to
subordinates. At the same time, they must be responsible for the tasks assigned to them. An
obligation is a condition or obligation of a person to perform his duties to the best of his
ability as instructed by the superior. Commitment is very important. So, that’s what gives the
functionality of authority. At the same time, the bond is fully operational and cannot be

25
changed. Accountability, on the other hand, is the responsibility of each individual to perform
his or her duties in terms of performance. Thus, it is said that authority is delegated,
responsibility is held and accountability is exercised. Accountability arises out of
responsibility and responsibility arises from authority. It is, therefore, important that in all
positions of authority be equally binding.

Centralization and decentralization in the organization

Centralization has been described as "an organized and consistent reservation of authority in
a central area of the organization." This means that the rate of transfer of power is as limited
as possible, decisions are made at the level of management which prevents those under them
from making decisions or performing a particular function.

In this way, under the performance of a single function, managers retain the job instead of
transferring it to their subordinates and ultimately retaining authority; but where he is
compelled to delegate, he may do so by not delegating sufficient authority so that his
subordinates may approach him in order to reach a limited decision.

As Louis A. Henry Fayol defines it as “all that goes to increase the value of the role of the
subordinate is to devolve power to the ground, everything that goes to the reduction is
centralized.”

Reserved Authority:

However, it should be noted that the delegation of authority is permissible where they are
expected to take decisions with due regard to the overall organization that organizes,
coordinates, facilitates and controls. Such decisions taken by senior management are regarded
as policy decisions and need to be articulated as clearly as possible. They are often used in
problems that arise from the company's operations.

Features of Single Location:

(1) Assisting Personal Leadership:

26
When the size of a company is not large, personal leadership plays an important role
especially at the beginning of its growth. Under that organization, human leadership will have
the strongest influence of maintaining a position of authority and responsibility in the middle.
The existence and success of new but small businesses can depend on marriage and
flexibility.

He is a talented leader, with all the power in his hand, not only commanding but also making
quick decisions, and imaginative actions. She also realizes that her small middle-class
company often shows ingenuity in embracing new fashion trends, production patterns and
new marketing strategies. All of this can put his concerns in a competitive position unlike
those of the lower castes. Therefore, corporate placement in a small company is acceptable
giving a flexible leader full power.

(2) Providing Integration:

In achieving business operations, it is found in many companies that job integration is the
basis of performance and that targets can only be achieved if there is integration in the
company. Common goals can be achieved by combining different activities. This is possible
by extracting the middle references; that is why there is a need for one place.

(3) Promoting Action Similarity:

Where the company wishes that all branches should have the same policy with regard to
purchases, sales, advertisements etc.

Centralization is done mainly when:

(a) Similarity of action is especially needed in a multi-unit company;

(b) The uniformity of action in dealing with personnel matters is essential;

(c) The structure by which wages will be determined, the division of labor and the level of
remuneration;

27
(d) Similarity in goods donated for sale is required; the purchase of such goods is made
locally.

(e) To plan for the most successful production in its factories, the purchase of building
materials is one thing;

(f) Similarity, quality of artwork, copy and design etc to ensure uniformity of advertising
program.

Tax segregation

Direct and indirect taxes

In the statement of financial position, the costs are determined in a number of ways as to who
is responsible for them, who carries their weight, the extent to which the weight can be
removed and other different rules. Tasks are often referred to as quick or set aside, a case of
the previous type that is an annual survey and keeping the business payout. There are
significant differences between financial analysts in terms of quick and cost-effective
recognition models, and it is not clear whether certain categories of cases, for example,
personal audits or asset charges, should fall. It is often the case that timely testing is
something that a citizen cannot pass on to another person, even though the circuit work may
be.

The charges are direct: Direct assessments are burdensome for people with characteristics
(e.g., people), and are usually based on a citizen’s ability to pay as measured by salary,
expenditure, or total wealth. The following is a summary of the main types of direct tests.

One annual survey is usually compiled for the full benefit of the individual citizen (either
individual, couple, or family) in the amount of other specified items. They are also generally
adjusted according to circumstances affecting the ability to pay, for example, family status,
youth number and time, and budget weights due to illness. Jobs are regularly placed at
graduation rates, which means that prices increase as wages rise. Each citizen and family
release may result in a pay rate based on the zero-employment rate.

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An asset valuation is required for everyone's assets - that is, his or her profit margin shortens
his or her liabilities. As with the annual costs, the individual conditions of the citizen can be
exceeded.

Individual or direct expenditure obligations (otherwise called expenditure or expenditure

costs) are included in all non-transferable payments to the investment fund. Instead of a
circular assessment of expenditure, for example, business payments, immediate operating
costs can be adjusted according to the individual's ability to pay based on the nature of the
meeting, age, number of wards, etc. testing used in only two countries, India and Sri Lanka;
the two events were short and ineffective. Near the very end of the twentieth century, the
"standard work" - which achieves the same financial implications as the immediate utilization
of capital wages - was well-recognized by billing experts. No nation has ever incurred costs
on the basis of quality work, even though many have their debts at just one price.

Indirect charges

Circulating costs are collected in the construction or use of products and businesses or in
trade, including imports and fares. Models include standard and special party expenses,
inclusive VAT (VAT) fees, fees for any part of the merger or creation, legal exchange fees,
and customs or import obligations.

29
The normal transaction costs are the requirements used for the bulk of the consumer’s
purchase. The same level of activity can be applied to all heavy objects, or different objects,
(for example, food or clothing) can depend on different levels. Single-class payments can be
collected at the sales level, as does the U.S., or they can be collected at the sales level (i.e.,
merger or discount), as is the case with other creative nations. Multistage cases are used in
each stage of the broadcast distribution scale. VAT, increased everywhere within 50% of the
second half of the twentieth century, is usually collected by allowing a citizen to deduct a
debt on the amount paid on purchases from the risk of deals. VAT has substantially
substituted interest payments - costs at each stage of the establishment and distribution plan,
without a reduction in fees in previous phases. The combined effect of income tax, commonly
known as declining costs, limits financial choice.

A few exceptions and cultural obligations are clear - e.g., they are needed depending on the
number, weight, length, volume, or other specific aspects of the heavy or heavy workload.
Various pieces, such as bargain prices, promoter valorem - are required in the valuation of the
asset as the cost is estimated. Legal transaction costs are required in the case of a grant, a real
estate agreement (or transaction), as well as a stock exchange. For regulatory reasons, they
are often seen as stamp bonds; that is, the official or business record is stamped to show the
test installment. Many cost inspectors consider stamp costs as annoying costs; are commonly
found in less developed countries and tend to be restricted in their use.

Tax regulations

Tax collection is important in each country as it is used to accomplish many important things.
For example, we as a whole collection of taxpayer’s helps raise administrative costs. Indeed,
tax collection is regarded as one of the government's best ways to raise money to run the
country. The government is charging money to build up its revenue. However, in enforcing
cases, the government ensures that forced labor meets certain basic conditions. These
situations are the ones referred to as standards. These tax rates are basically guidelines for tax
assessment. In order for a cost framework to be considered acceptable, the evaluation
framework must meet the standards it holds. In the event that an employee neglects to meet
these standards or rules, then it is considered a bad assessment framework.

30
The tax assessment standards are:

1) Balance or consideration: A decent cost framework should have a balance of

balance and reasonableness. This means that the tax rate must be distributed equally
to all citizens. Here, testing should be enforced on citizens who rely on their ability to
pay. Also, since the rich have an extraordinary ability to pay more than the poor,
balance and good manners are achieved when the rich get more work done than the
poor do. The real case of the work framework that meets this guideline is a robust
evaluation framework.

2) Comfort: A good cost framework should be developed to benefit collection and help
pay. We know exactly how bad jobs can be for individuals, which is why it is so
important that a decent work framework is made to function as citizens. The real
liability of a test framework that meets this law is personal costs collected from the
source by the business. This is what you usually refer to as PAYE (Pay as You Earn)

3) Adaptability: Any major project framework must adapt to the environment. By

adapting, the test framework should have the option of increasing or decreasing
diligently as circumstances require. Basically, whatever changes are needed, an
acceptable test framework should have the option to make the change without a
problem.

4) Assurance: A reputable assessment framework must ensure that there is nothing but a
decent work framework. Here, people should not be made to work hard to pay the
bills. Citizens need to make sure that they are responsible for the charges against them
so that they can make adequate arrangements for their costs. When dealing with the
issue of certainty, the citizen should know when to pay for the test, the amount that
will be paid when we work, the installment method, and so on.

31
 5) The assessment assortment should be prudent: Another level of decent work ethic
is that the amount of revenue that the legislature spends on revenue should be more
than the cost of tax collection. In the event that the cost of collecting the test is
significantly higher than the income generated from the work, and the main purpose
of the job is to raise money, then it would be better not to force that test in any way.

6) Evaluation must be impartial: This means that the cost framework should not be
matched to deceive a certain social network or part of a network.

7) The test should not reduce speculation: Decent work should not be done to
discourage performance or serve as a distraction to investment funds. This is the
reason why experts urge that interest payments have not been made to an extreme
level to the extent that organizations think it is difficult to operate. When this happens,
it will only disappoint the people in giving. Any cost that discourages people from
donating is not considered a respectable assessment framework; and a framework that
weakens people's ability to save.

The above are important tax collection measures that all major corporations must agree to. In
the event that the test framework does not comply with the higher part of the above standards,
then that payment framework is problematic and does not meet all the requirements to be
known as a good cost framework.

Test Management - tax management

Planning that enables the recording of various time benefits, compliance with appropriate
legal provisions and the maintenance of strategic distance from fraudulent activity and
penalties can be termed as productive assessment board.

It is, therefore, a function in which default is avoided and legal compliance is guaranteed.
With formal work arrangements with the board, the penalty of Rs reaches a maximum.

32
100000 delays in the submission of the review review reports / s 44AB can be kept within the
strategic distance from.

Internet business & taxes:

1.In the case of a web-based business, a source of location verification in respect of a revenue
stream can always cause a problem. Tax collection based on business income depends on the
existence of the area as a permanent place of business or a needy professional in the source
nation.

2. With an online business the need for physical presence stops. Adjustments to the method
of transmission from physical to the Internet raise the issue of exposure and the absence of
physical presence further creates barriers to the application of labour laws.

3. Therefore the orderly structure of the media outlets is based on making the specific tax
collection inseparable from all income streams in a manner that is aimed at ensuring an
equitable distribution of revenue between the host nation and the source nation.

It is noteworthy that the results of the charge alone do not have to oblige managers to make a
choice and it is simply a matter of administrative choice. In addition, in the event of a charge,

33
there are urgent and remedial activities in order to rearrange the two stages of assessment that
need to be considered.

CHAPTER -2

INDUSTRY AND COMPANY PROFILE

The battery industry encompasses the manufacturing, distribution, and sale of batteries used
for various applications, including consumer electronics, automotive, renewable energy
storage, and industrial purposes. Key factors shaping the industry profile include:

1. Market Segments: The battery industry is divided into segments based on the type of
battery, including lead-acid, lithium-ion, nickel-metal hydride, and others. Each segment
serves different markets and applications.

2. Technology Advancements: Advancements in battery technology, such as improvements in

energy density, charging speed, and cycle life, drive innovation and competitiveness within
the industry.

3. Growth Drivers: Increasing demand for electric vehicles (EVs), renewable energy storage
solutions, and portable electronic devices are significant drivers of growth in the battery
industry.

4. Regulatory Environment: Environmental regulations and initiatives aimed at reducing

greenhouse gas emissions and promoting sustainable energy solutions influence the
development and adoption of battery technologies.

34
5. Supply Chain Dynamics: The battery industry's supply chain involves raw material
sourcing, manufacturing processes, distribution networks, and aftermarket services, all of
which impact the industry's profile.

Sun mobility Private Limited is a privately owned corporation on 14 December 2016. It is

called a Non-Governmental Organization and is registered with the Registrar of Companies,
Bangalore. Its grant amount approved by Rs. 200,000,000 and its capital is set aside for Rs.
100,000. She is involved in the construction and maintenance of boats and pontoons

Sun mobility Private Limited's Annual General Meeting (AGM) was still being suspended on
26 September 2019 and according to records from the MCA, its assets report was still being
dated March 31, 2019. The directors of Sun mobility Private Limited Uday Harsh Khemka,
Sandeep Kumar Maini, Ajay Kumar Goel, and Chetan Kumar Maini.

Origin

Chetan's economic potential dates back to 30 years when he was a key figure in the
University of Michigan Solar Car team that ranked first in the US race and came third in the
World Solar Challenge in Australia. From then on, she never tires of turning to electric cars.
Chetan had shipped 'Reva', India's most sensible electric car, which at the same time became
the world's best-selling electric car, selling at more than 24 countries. By 2013 (then
Mahindra Reva), it had reached new positions when it was named one of the Top 50 Most
Innovative Companies by Fast Company magazine.

In 2017, Uday Khemka, an advertiser for SUN Group and Chetan joined hands to understand
their vision for both to make electricity use more affordable and accessible to people and to
design SUN travels. SUN Travel is a joint venture between Maini Group and SUN Group.
The organization finds Maini Group's advanced design capabilities that should be accounted
for by providing internal energy efficiency, asset maintenance, aviation and automotive
accuracy and a SUN group with global interest in a wide range of categories, e.g. and new
applications for resilience.

35
SUN Mobility's vision is to make the whole inclusive organization of a cohesive energy base
work to accelerate the massive distribution of energy efficiency. The way to separate batteries
from a car using a powerful battery trading model is based on the key points of interest facing
electric vehicles - direct costs, discomfort and long charging time. A progressively more
powerful ‘over payer’ framework as the cost comes out ’of battery usage provides an
amazingly helpful way to install EVS refuel, thus developing options.

Sun mobility has partnered with automotive manufacturers, mobile battery operators,
armada / aggregator managers, oil marketing organizations and urban communities over the
environment to enable faster selection of its response and accelerate major EV
transformation.

VISION (FY25):

1. Establish global EV power operations in small portable phases, for example, 2- and 3-
wheelers in developing economies in major countries in India, Africa, Latin America and
South-East Asia.

2.Empower our active participants to operate 1,000,000 electric vehicles using our EV
network that works with a few nation

3.Enable the transmission of electricity for city services around the world through the
understanding and adaptability provided by commercial battery machines

4.Allow applications for high performance (city transport, air transport, TARMAC, etc.) to
run without finding the appropriate problem

Mission (FY23):

1. Establish expanded jobs in India in small portfolio sector

a. Operationalize power outlet to deliver ~ 25,000 small EVs (2 / 3W) by March 2021

2.Organisation

36
a. De-facto standard for Indian battery tradin

b. Become a 'Business of Choice' in EV business

3.Increase and Growth

a. Set a developmental organization

b.stabilize item and field activities

c. Construction structures, cycles, limit and personne

4.Strategy

a. Empower you to meet development-related needs

b. The main unions for the installation, editing and distribution have been suspended

5.Development and R&D.

a. The driving culture of continuous development through development

continue to create and protect institutional IP from battery trade and related developments.

Company directors

The organization has 4 superintendents and there is no significant management

announcement. The long-serving Kings are now ready by Uday Harsh Khemka and Chetan
Kumar Maini who were elected on April 17, 2017. They have been on the board for a very
long time and a half. The most recently elected king is Ajay Kumar Goel, named on July 20,
2017.

Sandeep Kumar Maini has a very large number of different management positions with a
total of 14 organizations. In total the organization is associated with 27 different
organizations through its directors, has 4 chiefs and no major staff members have been
announced.

Company is partnering with:

37
 

In June, the 2020 Sun mobility merged with the IOCL, India's largest oil-based organization.
IOCL and Sun mobility have been collaborating to use the latest, most efficient battery
trading technology focused on electric wheels 2 and 3. The organization will ensure that this
arrangement is as open to customers as to the standard and simplicity of standard vehicles.

Battery for two and three wheelers

4. Solid designs

Assurance of hard care, conversion, high temperatures and adherence as originally planned
for the Indian state of operation

38
5. Proof of the future

1, 2 or 3 battery packs can be used for different grade / performance or for different
applications (for example 1 Wheel 2Wheeler, 2 e-rickshaw battery and 3 e-auto) Architecture
aimed at fixing the current battery of science in the future.

Exchange channel

1.Interoperable 2-3 wheel

It supports all small cars from 2-Wheelers as much as possible up to a small one-ton truc

2.Fast exchange

Compared to 4-8 hours of normal charging time, each Smart Battery can be sold in less than 2
minutes

3.Thermal management

The specially produced cooling of the battery packs ensures a guide to the temperature while
charging.

4.Throughput is high

Every 2/3-Wheeler QIS can achieve more than 200 battery sales each day, ensuring
consistent land use for their shipping

39
 Battery swapping machine

5.Default operation

Independent operation of the channel with the longest approval required; every QIS repeats
itself as an Io Edge discovery unit for AI research and calculation

6.Guaranteed confirmation

RFID enabled key dandies used to verify and make advanced instalments due to the power
used

3. Customization - 1/2/3 on all vehicles

Vehicles can be fitted to port 1, 2 or 3, depending on.

4. Solid Security Mechanism

It is fitted with a binding device to reduce the risk of battery abuse / theft.

Bus solution (four wheels)

1. Advanced Lithium-Ion battery

Built using the shocking Lithium-particle innovation battery, lightweight and long life

2. Three on-board PCs improve performance

The savvy Battery Management system helps maintain a consistent battery durability and
improves longevity and critical safety standards.

40
 3. High Level of Security

Extreme, carefully designed

externally with electro-
mechanical lock, with more than
30 sensors installed and a global
GPS positioning system that
ensures protection from abuse /
burglary

4.A Powerful Design of Indian Situations

Protection from unwanted care, switching, high temperatures and theft as originally planned
with the Indian state of operation

Bus Exchange Channels

1. Usable Across most buses

The e-Buses robot station maintains many transport diagrams - 9m, 11m, 12m, ground floor,
AC, Non-AC, etc

2. Change Quickly in short time

Compared to 4-8 hours of traditional charging time, each Smart Battery can be sold in less
than 3 minutes, naturally

3. Advanced Temperature Management

Forming the most efficient fluid for battery packs ensures a guide to temperature while
charging

41
4. Top installation

Each QIS transaction can accomplish more than 300 transactions per day, ensuring improved
use of the land used for its planning.

5. Edge Computing has enabled the functionality of Autonomous Operation

The autonomous function of a remote remote solution is required every QIS bends as an Io
Edge acquisition unit to perform tests and AI calculations.

Smart network of organization

1.Agent app

The Agent application assists motorists by crediting a car wallet with credits and assists them
in trading.

2. Driver app

The Driver application interface and car battery pack

uses Bluetooth Low Energy (BLE) to display
parameters such as billing status, separation and

42
cleaning, closest location to Quick Interchange Station (QIS), car instalment exchanges, and
so on.

Foundation

Since its inception, Sun mobility has been working with STUs, armada executives, various
partner providers, and OEM vehicles to shake things up with a maintenance,
multidisciplinary operator.

moreover, an extremely clever route to bring common barriers to large-scale adoption,

specification: cost, travel, time and charging.

Solution

SUN Mobility's has developed the world's first positive response to electric vehicles,
separating the battery from the car, reducing the direct cost of electric vehicles, making it a
good fit for that. Scheduling includes rating. Batteries are small, light and flexible. It also
deals with the issue of charging time and broad range, as it can best be sold on a temporary
basis. The Fast Switch Channels Association ™ is looking for a faster, less expensive and
more efficient fuel injection base than the current ICE petrol and diesel compounds. The
Smart Mobility interactive system works on all two and three electric wheels, and is portable.
Fast exchange channels ™ are not difficult to deliver, they require a small amount of land and
work to pay more only as the cost comes from the model. This sharp, interconnected
framework, driven by sustainable energy, will be tested by Smart Network. This unique
model has the potential to make the big city transport more efficient, cleaner, more efficient
and more cost effective. SUN Travel is focused on the deliberate investigation of responses to
change the way the earth drives.

Why do we need battery replacement technology?

43
They changed the transportation of the big city; the way people drive later will pass
completely. We need to be transported in order to be motivated by clean energy and to be
electrically, both, compatible and clean. Come with us to touch the earth forever.

Will you be able to swap multiple jobs with your sharp sense of detail and move on? Is it true
that you are a winner of quality and size and do not hesitate to take the necessary steps to
arrive? If you are connected to the unwavering desire to bring about change in your area, to
work for the bigwigs and to have a lasting impact on society, then they would like to talk.

The facility team behind Sun mobility is associated with clean energy and designing
Responsible Vehicle Response Vehicles (EVs) to create a fully functional electric
environment, for more than two decades. We have used our vast knowledge and experience
gained from working with armada managers, general freight suppliers, state transportation
and OEM vehicles to create workable, flexible, usable, clean and efficient solutions around
the world.

Benefits of battery exchange

1. Battery packing system

One of the challenges facing new battery trading ideas is the battery system. In battery
trading, batteries must be fully charged and placed in a single pocket. This problem is best
understood with the "skateboard" underground system, (for example, in the Tesla Model S),
where the battery pack is built in a low-profile way. While disconnecting and reconnecting a
few times the hardware leads with the cooling frame hardware, the battery pack must be
designed with a specific purpose in mind so that it is usually removed efficiently and quickly
from the car, thus re-joining immediately.

2. Similarities

For something new to be successful and turn into an existing pattern, one thing is certain:
Cross Platform / Product Compatibility. In order to trade the battery with the opportunity to
turn it into a new phenomenon, alternating battery packs comparing different manufacturers
must be available. Manufacturers all classify their cars based on limited systems. Using the
entire battery pack with the usual organization can reduce the growth and development of the
manufacturer. Similarly, there are a few manufacturers of battery cells and everyone who
makes cars generally agrees with the sole provider of his or her cells. Having a standard
section would mean that cell makers would also choose to make the same cells, in these lines

44
that prevent product improvement and development. One could argue that there may be
separating power pieces of the battery pack, however this would create a problem kindly and
request and moreover, speculative similarities with vehicles not intended for consecutive
battery packing.

3. Framework

The frame required for the battery packs is larger and more sophisticated and more expensive
than charging. Most importantly, all battery trading stations have to charge their battery packs
- so they use the same interest on the matrix as in charging stations, with the big difference
that interest rates can be controlled (although there are applicable conditions, it is important
for all. Secondly, they must have different battery packs that exceed a certain daily
requirement for each station. This means that each car must have up to 2 battery packs - one
inside the car and the other accessible at the battery trading station. very much on EV.
Similarly, the cost of battery trading channels will be high, and they need to cover the nation
well. No when all else is considered, the cost of setting up a framework for this Battery trade
nationwide compared to a cross-country charging system is more expensive, so over time,
less is possible.

4.Battery degradation

Battery performance deteriorates over a period of time, and appropriately the scope available
for each charge. In the case of the battery trade, assuming that all vehicles will use the same
configuration and packing capacity, we will find batteries with different limits for storing
power at the trading station, mainly due to corruption. Understandably, most will opt for
more battery packs while trading, as they offer the most outstanding range and reduce the
amount of output required in the trading channel. The lower end packs mean that traveling
with EVs will not be the same as the new packs, so clients will not be happy when their new
battery pack is sold with a low performance pack, as they will get fewer miles in their car.
This will bring in batteries with shorter operating cycles, so that clients can stay strong,
battery packs with reduced execution can be quickly replaced, increasing the cost of re-use.

5. Battery ID

The wise question is: In a battery life, who claims to be? There are two different ways to get a
gander at it. Car owner says battery - When a client goes to a battery trading station, its

45
battery is removed, one from the charging station is introduced to its car and remembers that
it is on its way, its battery is strong. When he visited the trading station again, the original
battery was re-introduced to the car. The advantage of this method means that the car owner
also owns the battery, and is close to the various batteries when needed to speed up his
journey. However, this framework has its drawbacks. The first is that the homeowner needs
to go to the same place to get his or her unique battery pack. The clear plan is that the driver
will choose to charge his car. Later the battery trade makes no sense. Additionally, this means
that the manufacturer needs to bring a higher number of batteries to keep up with the
organization, as car owners will go to their unique location to get their battery - so that
battery cannot be used in another car. It will remain in the charging station until its owner
finds it.

6. Request and rotate batteries at charging stations

Since battery interest and battery trade focus on construction there are high cost constraints
due to the transportation of batteries starting with one focus to the next. As the batteries are
heavier, there will be additional costs including travel (further increasing the cost of battery
operation) Battery trading has become an extremely frightening issue for the EV business. It
offers the most important of the method - the fast "charging" of the EV. The cycle is very
straightforward, you drive to the trading station with your EV, you drive on stage, the battery
is sold for that and you leave.

With all the special features offered to charge the battery, in the drawn view it is much more
possible than trading in batteries. As of today, there are now rules set to charge connectors,
and the charging frame is rounded, especially when considering the number of available EVs.
Another top issue, and perhaps the most important one is that EVs are best suited for
charging at home plugs - meaning that charging devices and frame are now generally
available.

Using of battery is boon or bane

46
India being a global market, the concept of ‘first and foremost, respect is all’ has been
incorporated with an emphasis on consumer attitudes. Here, two key barriers to xEV
spending are high purchasing costs, and consumer thinking. Among the rapidly declining
battery costs, the year 2025 is likely to be a place for xEV touches, as it is expected to be less
expensive than indoor heating cars. Besides, headways, especially in increasing the size of
the value, have started a war for a less expensive distance. The variety of Tesla's Model 3
Range + extends over 550 kilometres on one side, making it an undeniable metal for cars,
even between rides. The second major obstacle is consumer limitations - fear among xEV
customers running out of fuel before reaching their goals, or significant time lost while
recharging xEV batteries. The foundation is constantly evolving before development - the
web needed to be available to use Google, 4G phone towers were expected to accelerate
duplication of information, such as xEVs. A good framework is needed for a large
distribution of electric vehicles.

It is fundamental to having a good foundation, and within that the arrangements are chosen
such as charging or trading the batteries, which will drive in the future. The journey to India
for this change begins with a three-wheeled bicycle, followed by transport (in fact, three-
wheeled bicycles and wheels have 80 percent deals for Indian cars, and 20 percent for public
mode share). Given the special details of these low-speed electric cars, the most obvious way
to charge at home. It is also important to understand driving methods, so there is no trade-off
when charging for the full cost of the discovery you have under any of the conditions listed
below. Home Charging - ~ 8 to 10 hours or more Office - ~ 8 hours Romantic places - ~ 1 to
2 Hours (or less) Supermarkets - 2 to 3 hours (or less) Cinema Hall - 3 to 4 Hours Hospitals /
Doctor Visit - 1 Hours of Parking Garages - a trip below - either a day or a few days (e.g.
airport, train station going) Highways Drive - Immediately (an hour or more at roadside
restaurants) Ongoing report on Indian car ownership and Travel Behaviour - A contextual
study of Bengaluru, Kolkata and Delhi shows that the typical divergence performed in India
is a simple 40 km route each day, with the use of vehicles for 226 days each year. Vehicles,
for the remaining time, are still standing, at which Level 2 charges (3.5 hours are charged for
80 miles, and 8 hours for a 200-kilometer toll is sufficient.

47
In India, the whole reason for the 'battery trade' is close to addressing the high import costs of
xEVs caused by expensive batteries and whenever they are separated from cars, and made
affordable for rent / rent / payment only as the cost goes up, will completely lower the cost of
car acquisition. Possibly, the trade ends up in an unusual position for armada managers, high-
speed xEVs (e.g. taxi drivers, auto, e-car, etc.) and are transported through the best travel
destinations (<30 km per trip, 8-10 tours). daily). A fixed organization of flexible batteries
can be helpful. Initially, trade did not exist globally, understanding the practical wisdom of
the Indian automotive environment and distinguishing ‘India’s explicit specialty’ (moving /
armada cars or two or three wheels) is appropriate. There are a few things in the techno
business that have made the trade disappointing globally, with a large number of dollars’
worth of dollars moving in the stream. There are not many common restrictions in all cases of
normal operation, business thinking and unwavering quality.

Competitors for the company

1. Lithion is a New Delhi-based start-up that supplies lithium-particle batteries to e-bicycles

and three wheels via Lithion Swapping Points in North Delhi and NCR in the nearby Haryana
region. Each trade takes less than 5 minutes

2. E-Chargeup Solution is a Noida-based start-up that operates in 3W electric battery

trading stations, using traditional Li-particle batteries from Gurugram based Green fuel
Energy Solutions. According to a CNBC report on Dec 2019, their first battery trading station
has been operating in recent months with 35 e-carts subscribing 6000 km daily. They focus
on providing types of assistance to 1.7 million e-carts.

3. VoltUp temporarily, brilliant battery trading and savvy charging technology platform for
EV owners, Logistics Players and OEMs, go with only extra pay as the cost goes up.

4. Panasonic India aims to control the expected armada of 500,000 electric bicycles and
three wheels in five years through focused charging and trade. The organization is leading a
pilot trial of the Delhi NCR battery trading trial.

5. Ola Electric reported on projects to accommodate 1,000,000 EVs on Indian roads in 2022
and developed a biological system that includes battery trading stations focusing on bicycles
and three wheels.

6. Amara Raja Batteries has introduced EV charging stations and E-Autos belt trading
stations in Tirupati.

48
7. ACME deployed Eco Charge station as Ist Battery Swapping and Indian charging station
at Ola Electric in Nagpur in May 2017.

8. Esmito - Esmito (hosted at IIT Madras Research Park) offers a B2B SaaS phase of EV
board infrastructure including commercial battery management. Their response is attached to
the LS-VBCC (Locked Smart - Vehicle Battery Charger Cloud) Convention Suite, which
discusses the assembly and model of the 3-Wheelers electric battery design.

9.Numocity: Basic field - Bangalore | Established - 2018 | CEO - Ravikiran Annaswamy.

Numocity provides a business-level solution called ZipSwap for EV battery trading activities.
The start-up provided its product responses to various components in the EV charging and
commercial area. We introduced an undisclosed amount in the seed support cycle in Jan 2020

10. Okaya Power Group: Central Command - New Delhi | Established - 2002. It has
appointed IoT based Battery Swap Station in Delhi and aims to launch another 300
commercial stations across India by 2020.

11. CHARGE + ZONE: Central command - Vadodara | Established - 2018 | MD - Kartikey

Hariyani. CHARGE + ZONE operates more than 100 charging stations in India and has
finally installed "battery as fuel" as another business model. Scale - Aims to day by day
trade / charge handling of 1000 e-carts and e-cars by March 2021 in Delhi NCR at all 25 sub-
centres.

49
SWOC analysis of the company

Strength

 The international approach to date has been to keep close managers in new
acquisitions, as well as to transfer only a few top executives from India into the new
market. The good thing is that Dad had the option to trade skilfully. For example,
after the purchase of Daewoo the Indian organization is inclined to plan the work and
how you can get the result in the end 'well for the first time.'
 The organization has a system set up for the next phase of its addition. Not only is
there a focus on innovation and innovation, but there is also a plan to increase the
progress of the board established to build its supervisors over time.

Weaknesses

 Significant cost of innovation: The company places resources on a number of

innovations in its good communication and operations. The organization similarly
incorporates resources into research because it is the foundation for product
development. These significant costs may eventually result in a battery drain.
 Shocking new changes: The energy market is clear and with each new item there is a
different energy requirement. This creates the need for sustainable development and
this means that more businesses are needed for this.
 Entrance Unhelpful access to provincial business segments: Clients in rustic
business sectors are unaware of batteries or reinforcement capacity and the
organization has never been more productive in communicating with national
markets. This is a huge hole the organization needs to connect to.

Opportunities

 Developing an interest in electronics: There is a global epidemic of cyberbullying,

for example, cell phones, advanced cameras and enforcement banks. This makes the
rise in line with Duracell’s battery demand.
 Development Material development and management: New gadgets such as
mechanical components, connected gadgets, mechanical components and so on will
meet new energy needs and each of these could mean a whole new phase or Duracell
market. This could also mean that there is a growing need for access to current
ambiguous domains in the organization.

50
Challenges

 Risks are those of climate change that can be positive for business development.
Some of the risks include:
 Dispute: The organization is facing a tone of contention from many brands
 Low transit barriers: The energy market has moderately low barriers in the category
and the consumer is of great interest. The ease of movement enables the market to
benefit from other small to medium-sized players.

Why Uber is looking for technology to replace the Sun mobility battery?

Driving in India is a chore where people get stuck in a very long hour gridlock on tight roads,
which, in some cases, are also loaded with potholes. For example, the gridlocks in
Whitefield, a suburb of Bengaluru, a technology-based city that maintains world-class R&D
focus, is a hit. Under normal circumstances, a person travels three hours each day to
Whitefield. And particulate matter can damage the lungs. In case you ask Ambee, the
beginning of the climate in Bengaluru, they will reveal that the Indian particle emission levels
are above the EPA approved levels of 15 micrograms per meter, which means that even
young people do not breathe fresh air. Things are still the same, why does Your Story
recommend this team? The naming of the batteries will remove the pollution caused by the
cars and the one responsible for that change is Chetan Maini.

Co Mob's author of Mob Mobility and Founder of India's first electric car Reva, Chetan
Maini is filing a lawsuit to bring the Indian battery trade to lower EVs testing by empowering
the integration of various operations.

Like Ratan Tata, who controls the launch of the Nano car as a switch for the Indians trying,
Chetan accepts that he can think beyond practical limits. One of the leaders in the power to
empower the nation to share power, expand the system and prepare for a spectacular
expansion. The organization has just completed more than Rs 15 million in the main year.

However, Chetan is aware that this standard of operation is not Reva's, which he founded in
1994. Sun mobility needs more than $ 100 million to invest in Reva, which he did not
disclose. It is very important because the models of goods and models related to money will
change in the B2B space." Sun mobility has collected 1,000,000 kilometres of driving data
from battery-powered vehicles and is currently ready for testing.

51
Sun Mobility, a joint venture with Sun Group and Virya Mobility, has been granted two of
the ten international licenses it has issued. Virya Mobility is in full demand by the Maini
Association, which has supported Reva's work for some time.

Battery assembly line at Sun Mobility

The rise of Sun mobility and Maini's biggest bet Taken from the solid Whitefield wilderness,
Sun mobility was founded in 2017 after Chetan sold its first Reva organization in Mahindra
and Mahindra in May 2010. "It should be a common stage where others will build for the
executives," he said, while pointing to an office where 170 architects built the product and
equipment to deal with working in harmony with the battery business. In India, driving
methods are advancing rapidly with managers trying to make a sustainable story by pressing
public transport to embrace the use of electricity. The Niti Aayog, a management thinking
tank, needs each of the three wheels to run electric by 2023, by bicycle by 2025, and by four
wheels after 2030.

Company prospects: -

As of my last update in January 2022, Sun Mobility Pvt Ltd is a company based in India that
focuses on providing energy infrastructure solutions for electric vehicles (EVs). Founded by
Chetan Maini and Uday Khemka, Sun Mobility aims to revolutionize the EV sector by
addressing the challenges related to charging infrastructure and battery swapping.

52
Here are some potential prospects for Sun Mobility Pvt Ltd:

1. Expansion of Battery Swapping Network: Sun Mobility could focus on expanding its
battery swapping network to cater to more cities and regions, thereby increasing the
accessibility and convenience of EVs for users.

2. Partnerships with OEMs and Fleet Operators: Collaborating with original equipment
manufacturers (OEMs) and fleet operators can help Sun Mobility integrate its battery
swapping technology into a wider range of electric vehicles, including cars, buses, and two-
wheelers.

3. Development of Advanced Battery Technologies: Investing in research and development to

enhance battery performance, durability, and efficiency could give Sun Mobility a
competitive edge in the market and attract more customers looking for reliable EV solutions.

4. International Expansion: Exploring opportunities to expand operations beyond India into

other countries where there is a growing demand for EVs and supportive infrastructure could
be a strategic move for Sun Mobility to diversify its market presence.

5. Government Initiatives and Policies: Sun Mobility could benefit from favourable
government policies and incentives aimed at promoting the adoption of EVs and supporting
infrastructure development. Continuously engaging with policymakers and advocating for
supportive regulations can create a conducive environment for the company's growth.

6. Integration of Renewable Energy Sources: Leveraging renewable energy sources such as

solar power to charge batteries and power swapping stations can align with sustainability
goals and reduce the environmental footprint of EVs, positioning Sun Mobility as a leader in
eco-friendly transportation solutions.

7. Innovative Business Models: Exploring innovative business models such as subscription-

based services or pay-per-use schemes for battery swapping can attract a broader customer
base and address affordability concerns associated with EV adoption.

8. Enhanced Customer Experience: Focusing on improving user experience through seamless

integration of technology, user-friendly interfaces, and responsive customer support can build
trust and loyalty among customers, driving repeat business and positive word-of-mouth
referrals.

53
These prospects represent potential avenues for Sun Mobility Pvt Ltd to capitalize on the
growing demand for EVs and establish itself as a key player in the electric mobility
ecosystem.

CHAPTER 3

APPLICATION OF THEORETICAL FRAMEWORK

McKinsey 7S Model of the company.

The fundamental point of the 7s model is to feature and cause the administration of the
association to see how the 7 key components can be all around adjusted.

 Structure
 Strategy
 Skills
 Staff
 Style
 System
 Shared values.

54
Implementing the McKinsey 7S Model in Sun Mobility Pvt Ltd would involve analyzing and
aligning seven key internal elements to ensure organizational effectiveness and success.
Here's how it could be applied:

1. Strategy: Sun Mobility Pvt Ltd should have a clear strategy that aligns with its mission and
goals. This could involve their approach to sustainable mobility solutions, market positioning,
technology development, and expansion plans.

2. Structure: The organizational structure should be designed to support the strategy. This
might include divisions or departments focused on research and development, manufacturing,
sales and marketing, and customer service. Given Sun Mobility's focus on renewable energy
solutions, there might be specialized teams for battery technology, electric vehicle
infrastructure, and so on.

3. Systems: These are the processes and procedures that govern how work is done within the
organization. Sun Mobility needs efficient systems for product development, supply chain
management, quality control, customer relationship management, and financial management.
These systems should be aligned with the overall strategy and support seamless operations.

4. Shared Values: Also referred to as "superordinate goals" in some versions of the model,
shared values represent the core beliefs and principles that guide the organization's actions.
For Sun Mobility, this could include commitments to sustainability, innovation, customer
satisfaction, and social responsibility. These values should be deeply ingrained in the
company culture.

5. Skills: This refers to the capabilities and competencies of the employees. Sun Mobility
should ensure that its workforce possesses the necessary skills and expertise to execute the
company's strategy effectively. This might involve training programs, recruitment strategies
focused on talent acquisition in relevant fields like engineering and renewable energy, and
fostering a culture of continuous learning and development.

6. Style: Leadership style plays a crucial role in shaping organizational culture and behavior.
Sun Mobility's leadership should demonstrate a style that is supportive of innovation,
collaboration, and sustainability. Leaders should communicate the company's vision clearly,
empower employees, and foster a culture of transparency and trust.

7. Staff: Finally, having the right people in the right roles is essential for success. Sun
Mobility should focus on hiring individuals who not only possess the necessary skills and

55
experience but also resonate with the company's values and culture. Employee engagement,
motivation, and retention strategies should be implemented to ensure a high-performing
workforce.

By aligning these seven elements – strategy, structure, systems, shared values, skills, style,
and staff – Sun Mobility can enhance its organizational effectiveness, drive innovation, and
achieve its goals in the sustainable mobility sector. Regular assessment and adjustment of
these elements will be necessary to adapt to changing market dynamics and maintain a
competitive edge.

Michael Porter’s Five forces model for industry analysis

This means that business profits are strongly linked to these providers. These methods of
Porter's Five Forces can be used to demolish a business where the sun goes down, in terms of
involving quality by using innate potential. Data demolished using the model can be used by
key Panasonic editors to stabilize important decisions. Porter's 5 powers include:

• Threat for New entrants

• Supportive Negotiation Power

• Consumer Negotiation Power

• Threatening replacement products or services

• Controversy between Existing Firms

The Threat of New Invaders

 The scale economy is really hard to achieve in the business Panasonic operates. This
makes it easier for those who move large capacitors to have a cost advantage. It also
makes nature more expensive for new competitors. This makes the risks for new
participants a very high level of risk.
 Subdivision is strong within the business, where business firms sell segregated items
rather than the standard. Clients further search for classified items. There is a strong
emphasis on customer awareness and benefits as well. These factors pose the risk of
new participants weakening the energy within the industry.

56
  The demand for money within the business is high, in this way, making it difficult for
new competitors to form organizations as it has to be used extensively. Expenditure is
also high due to the high cost of Research and Development. These factors create the
risk of new participants becoming weak within the industry.
 Admission to referral networks is easy for new players, who will no doubt be able to
set up their own distribution channels into the business. With so few stores selling the
item, it is easy for any new participant to get his or her item on the racks. These
factors make the risk of new participants stronger within the industry.

Bargaining power of suppliers

 The number of suppliers in the business where Sun travel operates is highly
comparable to consumers. This means that suppliers have lower cost orders and this
makes the suppliers more durable.
 What these providers offer is standardized, less fragmented and has lower exchange
costs. This makes it easier for consumers like Sun travel to switch suppliers. This
makes the resilience of the suppliers to the most vulnerable forces.
 Providers do not offer the appropriate risk of further entry into the business where the
Sun's move applies. This makes the supportive capacity of suppliers vulnerable within
the business.
 The business in which Sun travel operates is an important client for its suppliers,
therefore, it needs to offer a reasonable price. This makes the supportive capacity of
suppliers vulnerable within the business.

Bargaining power of buyers

 The number of suppliers in the business they work in is far greater than the number of
suppliers. This means that consumers have fewer firms to look at, and as a result, they
have less power over costs. This makes the consolidation of consumer turmoil a
riskier force within the business.

57
  The segregation of an item within a business is high, which means that consumers
cannot find firms that choose to create something. This exchange problem makes the
consumer-oriented power vulnerable within the business.
 Consumer pay within the business is low. This means that there are difficulties in
buying at a lower cost, which makes consumers more buyable. This makes consumer
purchasing power week within the business.
 The type of items is important to consumers, and these buyers buy in order. This
means that consumers in the business do not have lower prices for touch. This puts
consumer pressure into a high-risk force within the business.

The threat of substitute products or services

 There are not many alternatives to commercial products. The many alternatives
available are similarly delivered by low-income businesses. This means that there is
no roof for the biggest profits that organizations can get in the business where they
operate. These factors make the risk of substitutes a very dangerous force within the
business.
 What’s not available are some inputs that are affordable but very expensive. By
comparison, corporations that bring in a business where the solar system operates sell
at a lower cost than their replacement, with satisfactory quality. This means that
consumers who are inclined to change things. This means that the risk of substitution
is weak within the business.

58
Dispute Between Existing Firms

 The number of competitors in the business where Sun's performance is limited. A

large part of these are similarly large in size. This means that organizations in
business will not take action without being recognized. This makes competition
between existing firms extremely risky within the business.
 Many interlocutors have a large part of the overall industry. This means that these will
participate in critical occupation activities and become market pioneers. This makes
the rivalry between existing firms stronger within the business.
 A business in which the movement of the Sun develops year by year and needs to
continue to do so for the next few years. The good development of the Industry means
that opponents are more inclined to participate in full-time activities as they do not
have to hold a piece of pie at each other. This creates tension between existing firms
and weak within the business.
 Fixed costs are high within the business where Sun travel is applicable. This forces
organizations within the business to leave the full limit. This also means that these
organizations reduce their costs when the application is released. This makes the
rivalry between existing firms stronger within the business.

59
  Things made within the business where Sun’s performance works are deeply divided.
Therefore, it is difficult for competing firms to win each other's clients because of all
their interesting features. This creates tension between existing firms and weak within
the business.
 Manufacturing within the business requires further expansion of the border. This
makes the business more prone to disruption to the balance of dynamic application,
which creates overproduction on a regular basis. Overproduction means that
organizations need to reduce costs to ensure that their products are marketable. This
makes competition between existing firms stronger within the business.
 Leave limits within the business are very high due to the high business required in the
capital and operational resources. Vacation limits are even higher because of
government regulations and restrictions. This makes in-house firms reluctant to leave
the business, and this continues to offer even lower profits. This makes the rivalry
between existing firms stronger within the business.
 The systems of organizations within the business are different, which means they are
amazing to each other in terms of process. This results in them rushing through the
system. This makes the rivalry between existing firms stronger within the business.

Latest and prevailing news about sun mobility

Bosch acquires 26% stake in Sun Mobility

With its global reach, Bosch is focused on providing billing power within its four-column
approach to a wide range of products - Personal, Automatic, Connected and Electronic.
Bosch and Sun mobility expect to bring the basic difficulties associated with electro portable
selection. Auto Component major, Bosch received a 26 per cent share in Sun mobility for his
joint venture Robert Bosch Investment Nederland B.V.

With its global reach, Bosch is focused on empowering the jolt within its four-column
approach to the performance of a variety of functions - Custom, Automatic, Connected and
Electronic. The departure of Bosch and the Sun means bringing about the basic difficulties
associated with the acceptance of electro portability. In addition, Soumitra Bhattacharya,
President of the Bosch Group in India, said, "Bosch and Sun mobility 'commitment fulfils our
common vision for the development of Electromobility. productive with great potential.

Speaking at the event, Chetan Maini, Co-Founder and Deputy Chairman, Sun mobility said,
"This is a great achievement for Sun mobility as we team up with Bosch, the founder of the

60
ecosystem, on our journey to the end of the cycle. This confirms our ultimate goal. to respond
to an effective and efficient energy framework to accelerate the selection of EVs in India and
around the world. "

Sun mobility and Smart E partners to make better EV infra

Both organizations will use their expertise in practical and logical drive-making and log-in
and do not exclude final mileage in the NCR area. Electric car repair company Sun mobility
has entered into a partnership with SmartE's automotive regulator to send its widespread
power plan.

SmartE's three-wheeled electric arm will use the Sun mobility solution and will be deployed
at SmartE Park and Charge Hubs over Delhi-NCR, to strengthen its first and last grade
acquisition management, according to joint delivery. Under the organization, the two will use
their skill in object and turn to get a useful, balanced and zero-eman last mile of the NCR
network.

SUN Mobility's Interoperable Smart Mobility will enable us to move faster. our vision
without pressure on the framework of power. "

The first field news of this arrangement was successfully completed in Gurugram last week
and the organization will see Sun mobility will add a battery trading base over the next three
months to help three electric wheelchairs in Phase 1.

"Joining SmartE on electric vehicles faster, less expensive and more profitable for them,"
said Chetan Maini, Co-Founder and Deputy Chairman, ILANGA Travel.

The key to the framework is forcing individuals to resolve a manageable managerial

decision

Sustainable Mobility culmination experts organized by the Bangalore International Centre on

Wednesday, focusing on the need to create a framework that can force people to decide on
existing travel decisions such as walking, cycling or using an electric car.

Satya Sankaran, the mayor of Bengaluru bicycle, said the talks were about basic people using
a certain form of walking in the form of a chicken and an egg he said. BIC has hosted a live
cast on "Mobility Mobility - Discovering Bangalore travels in clean and green ways," as part
of the Bengaluru Mobility Summit program.

61
The climax is a board discussion focusing on the issues of urban capital behind Covid
Bengaluru, where an expanded gridlock is set up in the city. Commenting on how the
political party views this form of support, former MP M V Rajeev Gowda said the elected
delegates would be available with clear ideas and cement. "The political party will
understand the big picture.

Sun mobility wins Technology Commercialisation Award.

Sun mobility is a 50:50 joint effort between Maini Group and SUN Group, pioneers in power
management and clean energy. Assisted by the founding of Chetan Maini, the promoter of
India's first electric car, Reva (now Mahindra Electric) and Uday Khemka, Deputy Chairman
of SUN Group, two Indian kings are stable in the new energy economy.

By 2030, the transportation business will become a $ 250 billion industry, with a ton of key
stakeholders accelerating their contribution to the electric vehicle (EVs) segment.

CHAPTER 4

ANALYSIS AND INTERPRETATION OF FINANCIAL

STATEMENTS AND REPORTS.

7Sun mobility Private Limited is a privately held corporation on 14 December 2016.

Submitted as a non-governmental organization and registered with the Registrar of
Companies, Bangalore. Its grant amount approved by Rs. 200,000,000 and its capital is set
aside for Rs. 100,000. It lived in Building and fix of boats and ships

Sun mobility Private Limited's Annual General Assembly (AGM) was still being suspended
on 26 September 2019 and according to records from the Department of Development
(MCA), its assets report was recorded on 31 March 2019.

Managers of Sun mobility Private Limited are Uday Harsh Khemka, Ajay Kumar Goel,
Sandeep Kumar Maini, Chetan Kumar Maini. The ID number of Sun mobility Private
Limited is (CIN) U35100KA2016PTC124376 and its registration number is 124376.

Company Name SUN MOBILITY PRIVATE LIMITED

Company Status Active

62
ROC ROC-Bangalore

Registration Number 124376

Company Category Company limited by Shares

Company Sub Category Non-govt company

Class of Company Private

Date of Incorporation 14 December 2016

Age of Company 3 years, 10 month, 17 days

PROFIT AND LOSS ACCOUNT

SL PARTICULARS NOTE CURRENT PREVIOUS

NO YEAR(RS) YEAR(RS)
EXPENDITURE

1. OPENING STOCK 10,10,21,540.00 8,69,92,828.00

2. PURCHASE ACCOUNTS 44,03,50,543.24 38,06,17,973.99
3. DIRECT EXPENSE 1,38,86,356.10 1,62,63,370.94
4. INDIRECT EXPENSES 71,95,690.00 59,37,770.11
5. INTEREST 83,78,060.00 68,79,183.00
6. INTEREST ON CAPITAL
7. DEPRICIATION 11,62,903.00 13,42,164.00
8. NET PROFIT 13,50,297.12 18,31,663.80

TOTAL 57,33,45,389.46 49,98,64,973.84

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 INCOME
8. SALES 51,86,57,702.50 39,65,83,197.84
9. DIRECT INCOME 3,00,500.96 1,46,553.00
10. INDIRECT INCOME 20484.00 2,00,523.00
11. CLOSING STOCK 5,43,66,702.00 10,29,34,700.00

TOTAL 57,33,45,389.46 49,98,64,973.84

Balance Sheet

SL PARTICULARS NOTE CURRENT PREVIOUS

NO YEAR (RS) YEAR(RS)
EQUITIES AND LIABILITIES

1. SHARE CAPITAL 2,94,22,593.00 2,98,99,795.00

2. RESERVES AND SURPLUS 13,50,294.93 18,31,663.80
3. CURRENT LIEBILITIES 1,79,64,227.07 5,77,52,111.25
4. LOANS 11,82,12,808.26 12,55,24,522.46
1. SECURED
2. UNSECURED
5. OTHER SHORT-TERM 00.00 00.00
PROVISIONS
TOTAL 16,69,49,923.26 21,50,08,092.51

ASSTES

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 1. FIXED ASSETS 1,08,91,683.00 1,19,89,358.55
2. INVESTMENTS 3000.00 3000.00
3. CURRENT ASSETS 15,60,55,240.26 20,30,15,733.96
1. INVENTORY
2. SUNDRY DEBTORS
3. CASH AND BANK
BALANCE
4. LOANS AND ADVANCES
4. Misc. EXPENSES 00.00 00.00
TOTAL 16,69,49,923.26 21,50,08,092.51

Comparative statement
A comparative statement is a document used to compare a particular financial
statement with prior period statements. Previous financials are presented
alongside the latest figures in sideby-side columns, enabling investors to
identify trends, track a company’s progress and compare it with industry rivals.

PARTICULARS CURRENT PREVIOUS (1) – (2) % CHANGE

YEAR(RS) (1) YEAR(RS) (2)
EXPENDITURE

OPENING STOCK 10,10,21,540.00 8,69,92,828.00 1,40,28,712.00 116.12

PURCHASE 44,03,50,543.24 38,06,17,973.99 5,97,32,569.25 0
ACCOUNTS
DIRECT EXPENSE 1,38,86,356.10 1,62,63,370.94 -23,77,014.84 85.38
INDIRECT 71,95,690.00 59,37,770.11 12,57,919.89 121.18
EXPENSES
INTEREST 83,78,060.00 68,79,183.00 14,98,877.00 121.78

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 INTEREST ON 0.00
CAPITAL
DEPRICIATION 11,62,903.00 13,42,164.00 -1,79,261.00 86.64388257
NET PROFIT 13,50,297.12 18,31,663.80 -4,81,366.68 73.71970336
0.00
TOTAL 57,33,45,389.46 49,98,64,973.84 7,34,80,415.62 114.7000529

0.00
INCOME 0.00
SALES 51,86,57,702.50 39,65,83,197.84 12,20,74,504.6
6
DIRECT INCOME 3,00,500.96 1,46,553.00 1,53,947.96 205.0459288
INDIRECT 20484.00 2,00,523.00 -1,80,039.00 10.21528702
INCOME
CLOSING STOCK 5,43,66,702.00 10,29,34,700.00 -4,85,67,998.00 52.81669058
0.00 #DIV/0!

PARTICULARS CURRENT PREVIOUS (1) - (2) % CHANGE

YEAR (RS) (1) YEAR(RS) (2)
EQUITIES AND
LIABILITIES

SHARE CAPITAL 2,94,22,593.00 2,98,99,795.00 (4,77,202.00) 98.40399575

RESERVES AND 13,50,294.93 18,31,663.80 (4,81,368.87) 73.7195838
SURPLUS
CURRENT 1,79,64,227.07 5,77,52,111.25 (3,97,87,884.18) 31.10574952
LIEBILITIES
LOANS 11,82,12,808.26 12,55,24,522.46 -73,11,714.20 94.17507109
3. SECURED
4. UNSECURED
OTHER SHORT- 00.00 00.00
TERM PROVISIONS
TOTAL 16,69,49,923.26 21,50,08,092.51 -4,80,58,169.25 77.64820445

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ASSTES

FIXED ASSETS 1,08,91,683.00 1,19,89,358.55 -10,97,675.55 90.84458484

INVESTMENTS 3000.00 3000.00 0.00 100
CURRENT ASSETS 15,60,55,240.26 20,30,15,733.96 -4,69,60,493.70 76.86854473
5. INVENTORY
6. SUNDRY
DEBTORS
7. CASH AND
BANK
BALANCE
8. LOANS AND
ADVANCES
Misc. EXPENSES 00.00 00.00 0.00 #DIV/0!
TOTAL 16,69,49,923.26 21,50,08,092.51 -4,80,58,169.25 77.64820445

67
Financial data analysis

 Current Ratio: The current ratio is a liquidity ratio that measures whether a firm has
enough resources to meet its short-term obligations. It compares a firm’s current
assets to its current liabilities, and is expressed as

Current Ratio = Current Assets/Current liabilities

Year Current Asset Current liability Current ratio

2022 203015733.96 57752111.25 3.515295451
2023 156055240.26 17964227.07 8.6869999835

CURRENT RATIO
250000000

200000000

150000000

100000000

50000000

0
2022 2023

Current Assets Current liabilities

Interpretation: The company’s liquidity status is good and the company feasibly meets it
short-term financial requirements.

 Quick Ratio: indicates the company’s ability to instantly use its near-cash assets
(assets that can be converted quickly to cash) to pay down its current liabilities, it is
also called the acid test ratio.
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 Quick Ratio = Cash+ Cash equivalents + Marketable securities + Receivables

Current Liabilities

 Debt-to-equity ratio: The debt-to-equity (D/E) ratio measures how much a company
is funding its operations using borrowed money. It can indicate whether shareholder
equity can cover all debts, if necessary.
Debt-to-equity ratio = Total liabilities
Total Shareholders’ equity
Year Total liabilities Shareholders’ D/E ratio
equity
2022 125524522.46 29899795 4.198

2023 118212808.26 29422593 4.01

Interpretation: The company’s debt to equity ratio is not favourable as it is almost

approaching one which shows the company borrows more funds to fund its operations

 Inventory turnover ratio: Inventory turnover is the rate that inventory stock is sold,

DEBT-TO-EQUITY RATIO
140000000

120000000

100000000

80000000

60000000

40000000

20000000

0
2023 2022

Total Liabilities Shareholder's equity

or used, and replaced. The inventory turnover ratio is calculated by dividing the cost

69
 of goods by average inventory for the same period. A higher ratio tends to point to
strong sales and a lower one to weak sales.
Inventory turnover ratio = Cost of goods sold
Average inventory
Year COGS Average inventory Inventory turnover
ratio
2022 364676101 94963764 3.84
2023 396085991 77694121 5.09

INVENTORY TURNOVER RATIO

450000000

400000000

350000000

300000000

250000000

200000000

150000000

100000000

50000000

0
2022 2023

COGS Average Inventory

Interpretation: This suggests that the company’s sales are very strong and therefore the
inventory turnover ratio is high

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 CHAPTER 5

LEARNING EXPERIENCE- FINDINGS, SUGGESTIONS, AND

CONCLUSION.

Findings: -

It was a wonderful experience to work with the company. External guide had given me lot of
support in making the work understand and do it at the best of our capability. There is lot of
exposure for learning and a good place for the freshers to start with and build their carrier.
The company is involved in lot of research activities to make their product more unique from
their competitors and also to provide products at reasonable price to the customers. Among
all the battery manufacturing company Sun mobility stand in number 1 position which holds
good reputation for the company.

Study on the tax had led me to understand how in-house taxing could be done and acts as cost
saving. The staff have a good opinion about their company as they have ample of
opportunities to work on live projects and also to work in flexible time which gives them lot
of satisfaction about the company they are working with. All the staff are dedicated to
achieve their goal and to complete the tasks within the given period of time.

In the event that you need to learn or accomplish or add to worldwide in the field of
environmentally friendly power energy this is the organization for you. Best pioneer in the
business. You will be working under visionary. The company is a place to gain knowledge
about batteries and shared electronic mobility. The project student has fixed work to do and
also can work in flexible timing which is very convenient to take it as a part time and manage
their other works along with the project.

Suggestions

 The company can reduce their hierarchy so that they would save time and cost.
 They invest a lot on the research activities which is very much required for the
company but simultaneously they must look into on how they can minimize cost on
this by undertaking smart activities

71
  Work can be still done in a structured way so that there will be no employees who can
procrastinate the work.
These are some of the suggestions that I would prefer to give for the company.

Conclusion

A business person and technologist for more than twenty years, Chetan Miani is enthusiastic
about making practical portability answers for quicken mass selection of electric versatility.
Having designed the Reva, India's first electric vehicle in 1999, an electric vehicle much
relatively revolutionary, he is all around the world recognized as a pioneer in the electric
vehicle space. He has more than 25 years' involvement with driving groups that created
electric, half and half and sunlight-based vehicles and has applied for/been conceded more
than 35 worldwide licenses. Chetan assumed an instrumental part in prompting the focal and
state governments on particular EV approaches. Uday Khemka, a business person by calling
and a supporter of clean energy by cognizant decision, has more than thirty years of
involvement behind him. The enthusiasm for new energy drove him to set up SUN New
Energy Holdings, a subsidiary of his family bunch organization, the SUN Group. Over the
previous decade, Uday has been at the cutting edge of a few discussions and backing bunches
over the globe, pushing for selection of clean energy.

The centre group behind Sun mobility is associated with clean energy and planning inventive
answers for Electric Vehicles (EVs) to make a completely electric versatility biological
system, for over twenty years. We have utilized our huge information and experience
procured from working with armada administrators, common versatility suppliers, state
transport endeavours and car OEMs to make reasonable, adaptable, efficient, cleaner and
more astute portability answers for the world.

On the concluding part, I can say that it is a unique way and a place to learn new things
which will be a good start to the freshers and lot of ideas will generate if they are in a plan to
start up some new venture. Many people are updating themselves and started using electric
vehicles which run with batteries. The company idea is very much useful and saves lot of
petrol in the country. They still have the idea of extending their branches globally and make
more profits.

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The engineering students can start their carrier in this company and explore more with new
ideas and inventions.

Learning Experience: -

● My insight into business and business speculations were changed into a progression of
useful procedures and abilities that I can now execute, in actuality, business situations, all
because of my temporary position.

● I figured out how to seek clarification on pressing issues and gain a superior
comprehension of business in the cooperating space, yet in addition others. This cycle
generally assisted me with fostering my expert organization and stressed the significance of
making these associations. I likewise associated with the majority of them through LinkedIn,
which is clearly an extraordinary systems administration stage for experts.

● As an understudy, I talked about it's fundamental for be excited and open to acquiring new
abilities, requesting more work and being interested to learn and get clarification on some
things.

● Correspondence is the way to progress in an expert climate remembering that everybody's

time is significant. Great correspondence will assist with efficiency, productivity,
commitment and development.

● Requesting and it is vital to get proficient input. It is crucial for observe both the positive
and negative focuses for the future, so one can develop and succeed in profession.

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BIBLIOGRAPHY

 https://www.zaubacorp.com/company/SUN-MOBILITY-PRIVATE-LIMITED/
U35100KA2016PTC124376

 https://www.tofler.in/sun-mobility-private-limited/company/
U35100KA2016PTC124376

 https://evreporter.com/battery-swapping/#:~:text=Battery%20Swapping%20is%20a
%20process%20in%20which%20a,batteries%20are%20made%20available%20to
%20the%20EV%20drivers.

 https://ec.europa.eu/futurium/en/system/files/ged/28-taxud-
study_on_rnd_tax_incentives_-_2014.pdf

 https://www.sunmobility.co.in/

 https://auto.economictimes.indiatimes.com/tag/sun+mobility

74