Stockrabit · Analysts
Questions across 2 calls

Nishit Jalan

Axis Capital Limited

CIE Automotive India Limited

CIE Automotive India Limited CC-Feb26.pdf · 2026-02-20
Congrats on a good set of numbers in India. Two questions from my side. First is around India, can you talk about a little bit about the new order wins, which you have talked about that some of it got deferred and are panning out now. Even if you can't nam e the clients, I would understand. Maybe just give us some colour around how big those orders were, what led to the delays? And how should we assume this to ramp up over the next few quarters? Just trying to understand how meaningful these orders are. And how much can it lead to a stronger growth in our business over and above the industry growth. So some details on what got deferred and anything on new order wins that you can talk about. My second question is in Europe. I think in the last few quarters, we saw a restructuring around Metalcastello and now we have seen in one of the PV names. So just wanted to understand how are we looking at this business? And are there more cost that we will need to incur over the next 1 to 2 years to restructure the European business to kind of align to lower volumes because your commentary or IHS commentary around European PV industry is negative for the next 2 to 3 years as well, right? So these are the 2 questions I have.
Thank you so much for detailed answer and positivity on India business. Just one last follow-up on India's aluminum casting business, right? We -- obviously, since we have acquired this company in the last 3, 4 years, it's been all flattish or low single-digit growth, right? We acquired it for one big customer. So just wanted to get a sense, aluminum casting as an industry seems to be doing well. Have you been successful in adding more newer customers or getting more orders? So should we expect growth to revive in this vertica l as well because this is something which is -- which the expectation is that this segment as a whole is going to become big over the next few years? That would be my last question.

Ashok Leyland Limited

Ashok Leyland Limited CC-Mar24.pdf · 2024-05-24
One question around the industry growth, one common thing that we keep hearing is that the impact of dedicated freight corridor will have on the road freight and on the truck demand. So, just want to hear your thoughts , we have seen commissioning happening, it is still not full commissioning. What kind of impact are you seeing on the roads where DFC has got commissioned, especially on the container traffic, any numbers or anything that you can highlight here?
Shenu, one more question around Switch mobility. So, given that there will be more and more requirements for investments around E Vs, any medium-term outlook or any medium -term investment plan that you can share on Switch mobility? I am not asking for 1 year or 2 years, maybe over the next 5 years, what kind of investment would be required in Switch mobility to do product development, setup capacity and OHM as well, right because OHM will be a little bit more working capital intensive business because you are not selling the product outright to the STUs, right? It is more of a build, operate kind of a model. So, any thoughts on what kind of investments would be required over the next 3-5 years in both these EV entities put together?