• Revenue outperformance: The company recorded 37% year-on-year revenue growth in Q1 (30% excluding copper price increases), significantly outpacing the broader industry's 17% growth across all platforms and customer segments.
• Greenfield plant ramp-up: Management expanded three plants over the past 1 to 1.5 years and expects start-up costs to normalize, allowing these facilities to meaningfully contribute to revenue and EBITDA margins as full ramp-up is achieved.
• Return on capital: Motherson Sumi Wiring continues to prioritize capital efficiency, targeting and sustaining a return on capital employed (ROCE) above 40% for the year.
• Engine-agnostic strategy: EV traction stood at approximately 8.5% in the quarter, with the company maintaining an engine-agnostic approach across ICE, hybrid, and EV platforms to maximize content per vehicle.