• Market share strategy: The company is pursuing aggressive market share expansion through product pipeline delivery and e-tech services without compromising on pricing discipline or financial fitness.
• Alternate fuel performance: In small commercial vehicles, the company's market share in electric and CNG segments is already higher than in diesel, supported by early product investments.
• Heavy vehicle electrification: Electric vehicle penetration in medium and heavy commercial vehicles will be back-ended and lower in percentage terms compared to small commercial vehicles.
• Industrial EV demand: Meaningful adoption in heavier segments is expected to be led by key sectors like e-commerce, mining, steel, and cement as initial lead customers prove the value proposition.