• Chetak capacity expansion: Current capacity stands at about 50,000 units, and plans are underway to substantially expand capacity as existing limits are being tested.
• Industry growth trends: The industry has experienced a deceleration following the GST rate cut, after previously clocking growth levels of nearly 20% alongside strong quarter 4 performance.
• Near-term growth outlook: Near-term industry growth is projected at 7% to 9%, or between 10% and 15% depending on the segment.
• 150 cc segment: Growth in the 150 cc category is anticipated to strongly outperform the market, expanding at 1.5 to 2 times the average growth rate.