Questions across 2 calls

Vijay Bhasin

InCred Research

Cummins India Limited

Analysts/Institutional Investor Meet/Con. Call Updates Cummins India Limited has informed the Exchange about Transcript · 2026-05-29

Hi Shveta. Is it possible to have a split of revenue growth over the last 2 years into pricing versus volume given the CPCB IV+ core price hikes has been completely absorbed by the market?

Fair. Second, you mentioned to an earlier participant that India data centre demand is more of Colocation than Hyperscalers. What we understand is that the Hyperscalers now picking up pace, what we have seen in the US and Europe markets. And given there's low competition in the HHP space, above 800 kV levels, is it fair to assume that the margins would potentially be better hereon from, let's say, a medium-term outlook, if not immediately short term?

Cummins India Limited CC-Jun26.pdf · 2026-05-29

Hi Shveta. Is it possible to have a split of revenue growth over the last 2 years into pricing versus volume given the CPCB IV+ core price hikes has been completely absorbed by the market?

Fair. Second, you mentioned to an earlier participant that India data centre demand is more of Colocation than Hyperscalers. What we understand is that the Hyperscalers now picking up pace, what we have seen in the US and Europe markets. And given there's low competition in the HHP space, above 800 kV levels, is it fair to assume that the margins would potentially be better hereon from, let's say, a medium-term outlook, if not immediately short term?