• Capacity expansion potential: New facilities—including an Aurangabad unit, an alloy wheel plant, and a battery pack plant—each carry peak revenue potentials of ₹500–600 crore, alongside a new brake plant starting operations in Chennai.
• Order book performance: The company secured ₹1,586 crore in new orders in FY26, with more than half coming from four-wheeler and non-automotive segments, supporting content growth per vehicle despite muted two-wheeler industry volume growth.
• FY27 capex plans: Capex in FY27 is expected to match FY26 levels of over ₹800 crore, driven by investments in suspension R&D, proprietary two-wheeler ABS technology, foundation brakes, and EV battery packs.
• EV portfolio alignment: Except for clutches, which represent roughly 6% of revenue, the majority of the product portfolio is EV-agnostic, allowing revenue to grow in tandem with broader electric vehicle adoption.