CIE Automotive India Management Guidance Tracker

8 forward-looking guidance items tracked across 2 quarters.

Growth

Q3 FY26India growth trajectory to continue improvingActive

Management expects the quarterly growth trend (7%, 9%, 12%) to sustain, with arithmetic progression likely.

Q4 FY26India growth to outpace industry by 3-5ppActive

Management expects India revenue growth to exceed market growth by 3-5 percentage points, driven by new orders ramping up.

Expansion

Q3 FY26Capacity expansions across multiple verticalsTracked

Expansions underway in composites, stampings, aluminum, and iron foundry; new export program SOP in June 2026.

Q3 FY26Transfer of European capacity to IndiaActive

Moving fully automated presses and gear production cells from Europe to India starting April 2026.

Capex

Q3 FY26Capex to be higher than CY25Tracked

Capex in CY26 will exceed CY25 levels, driven by India growth projects.

Q4 FY26India capex of ₹4-5 billion in CY26Tracked

Growth capex in India expected to be ₹4-5 billion for the calendar year, up from prior year, with three new forging lines and other capacity additions.

Revenue

Q4 FY26Export orders to ramp from Q2 CY26Active

New export orders, particularly to the US, will start contributing from Q2, with bulk in H2 CY26.

Margins

Q4 FY26Europe margins to remain stable around 15%Active

European EBITDA margins expected to stay in the 14-16% range, excluding restructuring costs, with no major market recovery anticipated.