| Pressing Division | Manufacture of pressed parts and sub-assemblies for automotive vehicles. | Strong OEM relationship, expertise in pressed components fabrication. | B2B customers in automotive manufacturing sector, mainly Tata Motors. | Value-added component manufacturing shows higher margins. | 68 | 10 | Component sales to automotive OEMs, primarily Tata Motors. | Direct sales contract-based pricing. | Increasing vehicle production and new model launches by Tata Motors. | |
| Bus Body Building Division | Designing and manufacturing bus bodies, including for electric and CNG buses. | Exclusive supply partnership with Tata Motors, advanced design capability, US collaboration for suspension systems. | B2B commercial vehicle segment, mainly Tata Motors and other transport operators. | Monocoque and specialized bus bodies including EVs priced at premium. | 592 | 90 | Sales contracts with OEMs and commercial vehicle manufacturers. | Project-based pricing and long-term supply contracts. | Growth in passenger transport, regulatory shifts favoring EVs, rising bus demand. | |
