• Export growth outlook: Opening export orders stand at around ₹120 crore across North America, the UAE, and Europe, positioning the company to double its export revenue this year compared to ₹100 crore last year.
• Capacity and utilization: Manufacturing capacity has been expanded by 6x compared to the previous facility, with management targeting roughly 50% capacity utilization at the new site this year.
• Incentives and margins: Margins are projected to improve by 1% to 2% over existing levels, supported by PLI benefits of ₹20 to ₹25 crore, upcoming RIPS incentives of 1.5% of top line, and higher export contributions.
• New business expansion: The company aims to secure a 15% market share in complete bus HVAC systems and has initiated an 8-to-9 month development and approval process to enter the Indian Railway HVAC segment.