Market share loss in key models
Competitors like Lumax are growing faster in HMSI, potentially indicating market share loss in certain models.
FIEMIND / Q3-FY26 / risks
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Fiem Industries · Material risks, their source context, and severity in the latest available quarter.
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Risk intelligence
Material risks this quarter
medium
Fire incidents at manufacturing units
Two fire incidents in recent years raise safety concerns; insurance claims are under process.
Slow ramp-up of four-wheeler business
Four-wheeler revenue contribution remains negligible despite prolonged discussions; meaningful impact may take years.
Dependence on automotive sector
Company is entirely dependent on the automotive sector, which could be cyclical.