Debasis Mohapatra
Bengaluru, 3 March 2026
CIE Automotive India, a leading automotive component player, is likely to see higher growth in coming quarters on the back of improved execution and strong demand in Indian automotive market.
In a brokerage report, ICICI Direct said that the company is entering a phase of accelerating growth.
“CIE Automotive India is entering a phase of accelerating growth driven by improving order execution, and strong domestic automotive momentum. The steady quarterly growth acceleration in India suggests that delayed project ramps are now behind, while a healthy annual order intake (around Rs 850 crore) provides revenue visibility,” ICICI Direct said in a note.
“Aluminium restructuring is largely complete, and the investment phase into EV housings and high value castings should drive both revenue growth and margin expansion. With operating leverage kicking in, India margins are poised to grow,” the brokerage report said.
CIE Automotive India caters to the passenger vehicles (PV) and light commercial vehicles (LCV) segments, drawing 53% of its total sales. Two wheelers contribute 23%, while commercial vehicle contribute 11% & off highway (tractor) segments contribute 13% to company’s total sales.
Though India operations remained strong, Europe continued to be a drag due to structural reasons. However, the brokerage report noted that management has taken several initiatives to maintain the growth momentum.
“While Europe remains structurally challenged due to weak production volumes and EV transition uncertainties, management has taken proactive restructuring measures to protect profitability,” the report noted.
Metalcastello restructuring is complete, and capacity transfers from Europe to India enhance cost competitiveness, it added.
CIE Automotive India’s share price was at Rs 467, down 0.98% on Monday (March 3, 2026).
