• Semiconductor business guidance: CG Power aims to reach 70% capacity utilization at its G2 packaging facility in about four years, with potential revenue estimated around $500 million to $600 million amid strong global demand for advanced packaging driven by AI.
• Cholamandalam portfolio diversification: Vehicle finance is expected to drop below 50% of the loan book as housing loans and loan against property drive the fastest growth, while draft rules on revolving credit will impact less than 1% of AUM.
• Power segment expansion: Driven by rising energy demand, renewables, and data centers, CG Power's unexecuted order book in the segment has surpassed ₹14,000 crore, supported by the opening of a major new transformer manufacturing facility in Madhya Pradesh.
• Subsidiary listing plans: Tube Investments is focused on organically growing its newer units—such as clean mobility and medical devices—without immediate plans for public listings, and Shanthi Gears will remain a separately listed entity.