22-Oct-2026 18:56:23
CIE AUTOMOTIVE INDIA Q2 CONCALL : INDIA CAPEX TO NEARLY DOUBLE, ₹970 CR NEW ORDERS & FORD EXPORT PROJECT RAMP-UP
• INDIA GROWTH CAPEX EXPECTED TO NEARLY DOUBLE IN CY26 VS PREVIOUS YEAR • CY27 INDIA GROWTH CAPEX EXPECTED TO REMAIN NEAR CY26 LEVELS • CAPEX INTENSITY COULD INCREASE TO APPROXIMATELY 8% OF SALES VS NORMAL 5% • INDIA SECURED ₹970 CR NEW ORDERS DURING 9M CY26; EUROPE ADDED ₹300 CR • FORD EXPORT FOUNDRY PROJECT COMMENCED SUPPLIES IN OCTOBER 2026 • URSE FOUNDRY EXPECTED TO REACH FULL CAPACITY AFTER RAMP-UP BY MID-CY27 • ADDITIONAL FOUNDRY CAPACITY EXPANSION BEING PLANNED FOR 2028 • FORGING CAPACITY EXPANSION UNDERWAY AT CHAKAN, BENGALURU & HOSUR • MEXICO FORGING PRESS TRANSFER TO INDIA EXPECTED IN Q1 CY27 • NEW CAPACITY ADDITIONS PLANNED ACROSS GEARS, COMPOSITES, STAMPINGS & ALUMINIUM COMPONENTS • INDIA COST PASS-THROUGH NEGOTIATIONS TARGETED FOR COMPLETION BY END-CY26 TO ADDRESS MARGIN PRESSURE • ALUMINIUM BUSINESS RESTRUCTURING EXPECTED TO CONTINUE UNTIL MID-CY27 • EUROPEAN AUTOMOTIVE MARKET EXPECTED TO REMAIN LARGELY FLAT IN NEAR TERM • MANAGEMENT PRIORITIZING ORGANIC CAPACITY EXPANSION OVER ACQUISITIONS IN INDIA • INDIA MARGIN PRESSURE, SLOWER TRACTOR DEMAND, WEAK EUROPEAN SALES & STELLANTIS RAMP-UP DELAYS REMAIN KEY RISKS
CIE AUTOMOTIVE INDIA LTD