CIE Automotive Q1 CY26 Sales Up 16% to Record INR25.4B

CIE Automotive reported record consolidated Q1 CY26 sales of INR25.4 billion, a 16% YoY growth, with EBITDA at INR4.3 billion.
India operations grew 15% YoY to INR16.2B but margins dipped to 17.6% due to energy costs and loss of a prior subsidy.
European sales grew 17% to INR9.2B (flat in EUR) with margins improving to 15.7% due to successful restructuring efforts.
Management outlined INR4-5B growth capex plan for India in CY26 and expects to benefit from European auto industry consolidation.