• Revenue growth target: The company shifted its ₹8,000 crore revenue target from FY28 to FY29 due to prior market slowdowns, while guiding for an annual CAGR of 20% to 25%.
• Segment revenue mix: Management expects the revenue split to evolve to roughly 70% automotive and 30% non-automotive over the coming years as it expands into passenger vehicles, railways, and aerospace.
• Debt reduction plans: With major capex completed and capacity utilization currently at 68%, the company repaid ₹100 crore of debt in Q1 and targets a total reduction of approximately ₹500 crore for the full fiscal year.
• North American demand: Order bookings for North American Class 8 trucks reached 2,23,000 units in the first seven months compared to 2,18,000 units for all of last year, with tariff and raw material costs remaining fully passed through to customers.