Key points mentioned by the management included:
- Target of 1.5X revenues over current levels and hence crossing Rs 1 lakh crore milestone by FY2030
- This is just 50% revenue growth over next 5 years
- Targets upto 30% export contribution by 2030 (against 27% currently)
- Launch of luxury segment brand Genesis in India by 2027
- 26 new launches including 7 new nameplates with entry into MPV and off-road SUV segments
- India’s first, locally manufactured dedicated electric SUV by 2027
- Sustained double digit EBITDA margins (as is the case currently too)
- Dividend payout guidance of 20% – 40%
- Investment of Rs 45,000 cr till FY2030
- Targets 15%+ domestic market share by FY2030
If one ignores the noise, the predictions are modest at best. Indian auto industry is competitive and is expected to become more so in the short to medium term.