'
CIE
Automotive India hosted a conference call on Oct 25,
2024. In the conference call, company was represented by Mr. Ander Arenaza
Alvarez- CEO, Mr. K. Jayaprakash- CFO and Mr. Vikas Sinha- Sr. VP strategy.
Key
takeaways of the call
In India, the company reported growth
in line with the weighted average market growth. Tractors sales during Q3 CY24
increased by 3.2%, two wheelers sales increased 12.5%, MHCV sales decreased 10.8%
and <6T vehicles (include Passenger Vehicles, Utility Vehicles, Vans and
Light Commercial Vehicles) decreased 0.2% compared to Q3 CY23.
India Business margin improved despite
weak market driven by strong internal improvement plan. EBITDA includes 0.5%
points of non-recurrent EBITDA.
Going forward, the company expects
all business in India to perform well supported by ramp up of orders.
In India,
tractors sa...
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