Motherson Sumi Wiring India hosted a conference call on Nov 8, 2024. In the conference call, the company was represented by: Mr. Vivek Chaand Sehgal, Chairman, Mr. Laksh Vaaman Sehgal, Director and Mr. Mahender Chhabra, CFO.

Key takeaways of the call

In Q2 FY25, the company reported revenue growth of 10.3% YoY surpassing industry growth mainly led by higher content.

The company is expanding its capacities to execute new customer orders with two Greenfields. Additional costs are being incurred due to the ramp-up phase in one plant.

The new facility in Kharkhauda is expected to come on stream in Q1 FY26.

The company is actively exploring new opportunities within the evolving automotive landscape across all powertrains.

In Q2 FY25, EVs contributed 4.1% to total revenue.

The company is focused on enhancing its operational efficiencies and further develop manufacturing expertise, ensuring sustainable growth and innovation.

Copper prices reduced during the quarter; however upward tick is again visible.

Modern vehicles increasingly rely on electronic components, such as sensors, actuators, and control modules. To support this growing number of electronic components, vehicles require more complex wiring harnesses and related parts to effectively transmit power and signals throughout the vehicle''s electrical system.

The company expects a substantial rise in content as new vehicle models are launched in H2 FY25

The company continues to expand its product portfolio.

The company expects localization levels to increase as the volume grows.

The company maintained its debt-free status.

The company has guided a capex of approximately Rs 200 crore for FY25, of which it has spent around Rs 95 crore in H1 FY25.