Pricing pressure from competition in CPCB 4+
As competitors launch CPCB 4+ products, pricing may soften, impacting margins.
CUMMINSIND / Q2-FY25 / risks
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Cummins India · Material risks, their source context, and severity in the latest available quarter.
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Material risks this quarter
medium
Geopolitical headwinds in export markets
Exports remain muted in Middle East, Africa, and Asia-Pacific due to geopolitical issues and inventory buildup.
Gross margin volatility from project mix
Higher share of project business (installation/commissioning) can compress gross margins, as seen in Q2.