They believe India have reinforced themself as a strong growing market despite the global uncertainty. Their revenue divide is 33 percent from safety and industrials, 42 percent from transportation and electronics, 14 percent from healthcare and 11 percent from consumers. They have build a strong base with depth in tech and solutions. Growth opportunities in areas like automotive, infrastructure, industrial markets, healthcare and retail helped 3M leverage some of their solutions for good growth. They are a main science company and they create value through science and innovation. A few of the value opportunities that 3M have include being a strong player in the automation solutions. Road safety is also something that 3m is looking into They are also looking to broaden their retail penetration through more products and a wider channel. 

For automation most of their products are aimed at having a less bumpy ride and having a smooth ride so they have a lot of products that lessens the noise coming from outside and the vibrations. They also realise they deeper penetration EV and Hybrids are having and are making their solutions work for them also. For car protections they have scratch proof and also pain protection films to make sure the car looks in good shape. With the rise in automations sales more repairs have also been coming in and most of them have been for paint and for which they created a new product to just spray it over. For their infrastructure most of their products are based on road safety. For the manufacturing segment they are always looking and collaborating with companies to find ways they can reduce labour costs and improve efficiency and stuff like that. For this segment they are mainly focusing on robotics and system process. They have already made a few products for this. To capitalise on this market they opened up a robotics lab in Bangalore. For homes they focus on more like the DIY stuff like scotch tape. The also designed a few products ton make hanging stuff easier and most of their products are still more like stationary. For health care they mostly focus on IV and have one main product which is a clear transparent dressing which helps to see if there is any infection growing on the area where the iv was used. The also have a new product called Infuze which was launched with the guidance of INS. 

Indias automative section is a key GDP contributor and with the introductions of EV it has also grown a lot. This always for new opportunity for 3M to innovate ideas to suit the changing market. During the year domestic consumption improved which also is helping 3M. Government initiatives is also supposed to help 3M grow. They have 4 main business segments as stated above in the revenue divides and these 4 are safety and industries, transport and electronics, consumers and health care. They also have numerous channels from which they sell their products some times its from them directly to the consumer and sometimes through another 3 party. They also believe that one of that brand name is a strong player and it is what allows them to add more and more products. They also believe that the Indian market is supposed to grow faster than the global market. 

Summary.

3M is a company with 4 main business segments which are safety and industrials, Transport and electronics, Health care and consumers. Most of their revenues come from the first 2 segments which are Safety and industrials and Transport and electronics. They have made a very good brand name for themself. They have a lot of products in all their segments and they are focusing to change their automations product to fit EV cars which will be most of the cars in the future. 

Personal thoughts.

Overall I think that 3M do have a lot of products but their share price is also 36000 inr which might be a bit overpriced but they do have a lot of products. They believe that they have a strong opportunity in automation because of the change to EV. This annual report is from lat year so they talk a lot about the government PLI schemes but with the government not winning by as much as people thought their Infrastructure and Manufacturing sector might take a hit. I think if their consumer position was stronger I might have bought a bit.