Precision Camshafts · tone and specificity signals across the available quarters.
Language signals
Our standalone Indian business is entering a period of significant opportunity supported by strong growth in the Indian passenger vehicle market, increasing investments by our customers, several new orders already secured and a healthy pipeline of new programs.
Given the slowdown that we have experienced and the uncertain outlook for the electric commercial vehicle market, we will remain disciplined on costs and capital allocation and not pursue growth for the sake of growth.
Customer decision making in the ED segment has become slower and program visibility has reduced. As a result, we remain cautious about the near-term outlook for EMOS Europe.
There are see that this is 1,500 crores cumulative is a combination of variety of programs which have a different start date for each one of them. We are refraining from sharing future numbers or financials. I think that if like I mentioned in the call we are investing about 100 to 120 crores in capex and we expect that the topline increase incremental topline increase would be nearly 1 and a half to 2x of that capex on an annualized basis which will peak out in let's say 2 and a half to 3 years from now.
The potential is tremendous. Just I think if I have to quantify with one customer we have an MOU already signed where we are looking at an order book of 60 to 70 crores annualized revenue of that much just from one customer and one product. If we kind of extrapolate this to others in this industry who are operating in a similar space, I think the opportunity is tremendous but I don't think I would like to comment on that at this point of time.
I think right now we are stable at the rate at which we are operating at. We don't see great amount of growth in this year or perhaps even the next year. We are now actively working on a lot of new customers, a lot of new applications which we are now in the initial phases of. So any scale up of such platforms would happen in the next year and a half or so.