Questions across 39 calls

Mumuksh Mandlesha

Anand Rathi Institutional Equities

UNO Minda Limited

UNO Minda Limited CC-Feb26.pdf · 2026-02-05

Firstly, I mean, on the upcoming segments where the 4-wheeler EV powertrain new plant will start and also sunroof in FY '28. If you can just update more how are the order book shaping there? Any sense how big this business can be there in medium term? And also, sir, you mentioned recently about the new rare earth thing and also in the ADAS side, camera order wins also something on the future that can be a notable businesswise?

Got it, sir. So broadly, if I just to understand, broadly, all these new businesses can be something like a 4%, 5% of the revenue over the medium term, sir?

UNO Minda Limited CC-Jun25.pdf · 2025-08-06

Yes. Thank you, sir, for the opportunity and congrats on continuing the robust performance. So, first on the order books, sir, any update for the EV PowerTrain Inovance JV and the sunroof JV? And on the camera module, sir, do you see more opportunity outside the regulation part? Like, there are also CV regulations coming with ADAS in truck and buses. So, do you see that kind of opportunity also going ahead? This is the first question, sir. And the second is on the, we've seen a very strong growth in aftermarket this quarter. Any specific to call out, sir? And the third question is, sir, just on the Clarton Horn, sir, it's a loss making as on last year. Just wanted to understand over the medium term, what's the plan there for that business? And lastly, sir, CAPEX guidance for the next year, sir?

Got it, sir. Just one more, sir. On the airbags, sir, because now recently Maruti has launched a lot of models with the airbags. I just want to understand how do you see the growth there, sir?

UNO Minda Limited CC-Mar25.pdf · 2025-05-21

Yes. Thank you, sir for the opportunity and congrats on the continued strong performance sir. Sir, firstly, can you help us understand this provision of fundraise of Rs.2,500 crores -- would it be a debt- driven or equity sir? So can you just update what could be the order size for this four-wheeler e-axle component, and what could be the order size for the sensor business and the charging business? And thirdly, sir, the lighting revenue growth this quarter was lower. Also, we had the new plant in Pune last quarter, just started. Any view over next few years based on the orders and the capacity, how do you see the growth in the market share in the lighting segment? Lastly, in the presentation the two- wheeler EV-specific CAPEX has been changed. Just want to understand what has changed in this quarter, Buehler and the Minda EV system CAPEX?

Lastly, just clarifying, lighting should continue to grow in double-digit kind of a range, is that fair to say, right?

Motherson Sumi Wiring India Limited

Motherson Sumi Wiring India Limited CC-Feb26.pdf · 2026-01-30

Sorry, I joined a little late, sir. But anything, sir, on the Labour Code impact for this quarter? And incrementally, how much could be the impact, sir?

Got it, sir. Sir, second on the this last few quarters, growth has been very strong. Just want to understand if you can give some flavour how are some of the segments like PVs, 2 - wheelers, CVs have done, sir, in few quarters.

Motherson Sumi Wiring India Limited CC-Jun25.pdf · 2025-07-28

Thank you so much for the opportunity and congratulations on the healthy topline performance. Sir, I just want to understand for FY '27 for next year, how do you see the order pipeline and any plans for the CAPEX for the next year? And can you share more lights on how you see the orders pipeline for two-wheelers and CV segment as well?

Sir, any flavor on the orders for the two-wheeler and CV also? How do you see the orders there, sir?

Craftsman Automation Limited

Craftsman Automation Limited CC-Feb26.pdf · 2026-01-29

Yes. Thank you, sir, for the opportunity. Sir, on the aluminium side, aluminium standalone margins, sir, this quarter, there is a dip sequentially Q -on-Q. I just want to understand what could be the reasons for the decline? Is it some aluminium higher cost impact? And also, sir, how do you see the aluminium standalone margins over a period of time, sir?

Got it, sir. Sir, on the alloy wheel side, how we are seeing the utilization levels for the 5.8 million capacity? And also I want to check, have the alloy wheel margins moved to a normal range of something like high single-digit margin or still it's ramping up in terms of margins?

Craftsman Automation Limited CC-Jun25.pdf · 2025-07-30

Congrats on the strong results for this quarter. Sir, starting with just on the Kothavadi plant, sir, any update on how is the order book shaping there? And how do you see the revenue target of $100 million in next 4 to 5 years? Do you see intact? Or do you see further upside to that number, sir?

Great, sir. Great to see a strong order book there, sir. Sir, coming to this quarter results, sir, we've seen a good sequential growth in the aluminum segment and despite the lower production Q-on-Q for the PV and the CV segment. Can you just explain, sir, will in stand-alone, the growth will be largely driven by the alloy wheel ramp-up, sir? And also margin improvement there also being seen. Is i t because of alloy wheel business getting more profitable, sir?

Craftsman Automation Limited CC-Mar25.pdf · 2025-05-08

Thanks for taking the question again. Sir, in the segmental reporting, there is some line called others in the standalone business which is around Rs.148 crores. Just can you explain what is others in the standalone business, sir?

Got it, sir. Sir, this quarter, the storage, I mean the industrial segment margins have seen a lot of improvement in Q4. Can you explain what led to the improvement there? And going ahead for the next year how do you see the margin for this business, sir?

Maruti Suzuki India Limited

Maruti Suzuki India Limited CC-Jan26.pdf · 2026-01-28

For the exports market for CY '26, any outlook you want to share? How do you see the exports market? And also considering the VICTORIS model also started exporting, sir?

Got it, sir. On the e VITARA side, how are you seeing the ramp-up? Globally, how is the acceptance of the model? And from a 2,500 average monthly exports currently, how do you see the ramp-up ahead, sir?

CEAT Limited

CEAT Limited CC-Oct25.pdf · 2025-10-17

Yes. Thank you so much for the opportunity, sir, and congrats on a strong margin and revenue performance. Sir, firstly, can you share, how was the CAMSO Q2 performance, sir, in terms of revenue and EBITDA, sir? Also, if you can add, sir, for Q3, how do you see the numbers for CAMSO?

Got it, sir. And sir, just on the US market, sir, how is the end market responding in terms of price hike due to the increase in duty, sir, which is also bearing across countries. So how is the market playing in terms of price hike? And for CAMSO, sir, how do you see, for in terms of market share, do you see any incremental benefit in the market share due to the different duty rates in the market? And just on the end market US, how is it performing, sir?

CEAT Limited CC-Jun25.pdf · 2025-07-18

Thanks for the opportunity, and c ongrats on the continuing double -digit revenue growth. Sir, firstly, on the margin side for the stand -alone business, how do you see the drivers for the improvement further from here on, where we can again take back the margin towards 13%, 14% level in the past. So what are key drivers do you see here to further improve the margin, sir?

CEAT Limited CC-Mar25.pdf · 2025-04-30

Congratulations on the healthy growth performance. Sir, firstly, on the growth side, we have seen a very good market share gains last year. For next year also, how do you see the OEM growth, where in particular, how do you see the CV segment growth, sir?

Got it. And sir, on the exports market, you mentioned some of the challenges there. So how do you see next year growth for that exports market? And also, sir, can you give an update how is the OHT segment in Europe doing, sir?

Hero MotoCorp Limited

Hero MotoCorp Limited CC-Jun25.pdf · 2025-08-07

Just want to understand how do you see the ABS regulation for the less than 125cc market? Just want to understand what kind of price hike could be the impact? And what are options you are working with the government to ensure, I mean, not major impact on the industry, sir?

I also want to understand what kind of expansion plans are there for the Premia. So we have reached almost 120-plus stores -- 125 stores. So how do you plan to further expand that? And finally, how is the Hero FinCorp performance...

Escorts Kubota Limited

Escorts Kubota Limited CC-Jun25.pdf · 2025-08-04

Yes. Thank you so much for the opportunity, sir. Sir, can you just update what kind of a tractor industry growth expected for this year from earlier gu idance of mid to high single digit? And with the second half, particularly the base catching up, will it be still a positive trajectory or do you see it flatten out in the second half, sir?

Got it, sir. And how is the dealer inventory now? And for this year, what kind of dealer expansion plan from the 1,600 currently, sir?

Escorts Kubota Limited CC-Dec24.pdf · 2025-02-10

Just firstly, on the -- just on the inventory correction. I just want to understand, are we done with the inventory correction as of Jan or do you see more correction ahead as well?

Got it. Sir, mostly, sir, basically, as a company going ahead, mostly the 4 weeks would be like a normal range, but then a 5 to 6 earlier we used to have break, sir?

TVS Motor Company Limited

TVS Motor Company Limited CC-Jun25.pdf · 2025-07-31

Sir, firstly, I want to understand how we are placed in terms of distribution for the electric three- wheeler market in India? And just any sense what kind of dealer network we have in India to take benefit of this demand space?

And sir, we would also be available with the required capacity to meet the e-three -wheeler demand, sir?

Balkrishna Industries Limited

Balkrishna Industries Limited CC-Jun25.pdf · 2025-07-28

Sir, I just want to understand if there has been any correction in the inventory this quarter, particularly in Europe where there was almost 20% down. And in Q4, we saw 8% growth. So has there any inventory adjustment this quarter in Europe? And overall, sir, globally, how is the inventory situation now, sir?

Got it, sir. And sir, possible to quantify what was the U.S. tariff impact in this quarter, sir?

Balkrishna Industries Limited CC-Mar25.pdf · 2025-05-24

Yes. So sir, this quarter, realizations have improved Q -on-Q by 3%. So what has led to the improvement? Any price hikes have been taken, sir? And in the U.S. market, what kind of price hike have we taken after the trade changes, sir?

Got it, sir. That’s all from my side. Thank you so much.

ZF Commercial Vehicle Control Systems India Limited

ZF Commercial Vehicle Control Systems India Limited CC-Mar25.pdf · 2025-05-16

Sir, for the Q4, Can you reshare the absolute amount of the revenues for the OEM aftermarket and export and also the brake production number for the quarter?

And the production number for the Q4?

Eicher Motors Limited

Eicher Motors Limited CC-Dec24.pdf · 2025-02-10

Yeah, Thank you for the opportunity. Sir, firstly, to Vinod sir, on the CV industry outlook. So how do you see the Q4 quarter? And just on next 6- to 12-month perspective, can you share how do you see the industry growth?

Got it, sir. And just on how is the inventory situation in the CV industry, and how is the discounting going, sir?