India growth trajectory to continue improving
Management expects the quarterly growth trend (7%, 9%, 12%) to sustain, with arithmetic progression likely.
CIEAUTOMOTIVEINDIA / guidance tracker
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CIE Automotive India · forward-looking guidance across the available source record.
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What management said would happen.
growth
Capacity expansions across multiple verticals
Expansions underway in composites, stampings, aluminum, and iron foundry; new export program SOP in June 2026.
Transfer of European capacity to India
Moving fully automated presses and gear production cells from Europe to India starting April 2026.
Capex to be higher than CY25
Capex in CY26 will exceed CY25 levels, driven by India growth projects.
India growth to outpace industry by 3-5pp
Management expects India revenue growth to exceed market growth by 3-5 percentage points, driven by new orders ramping up.
India capex of ₹4-5 billion in CY26
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.
Export orders to ramp from Q2 CY26
New export orders, particularly to the US, will start contributing from Q2, with bulk in H2 CY26.
Europe margins to remain stable around 15%
European EBITDA margins expected to stay in the 14-16% range, excluding restructuring costs, with no major market recovery anticipated.