| Two-Wheelers and Three-Wheelers | Precision sheet metal pressing, fabrication, system assemblies for 2W and 3W vehicles | Longstanding relationships, engineering expertise, diversified portfolio | Large Indian and Japanese OEMs in 2W and 3W markets (B2B) | Proprietary suspension systems and steering columns | 6100 | 74 | Component sales, system assembly contracts | Contract manufacturing and supply agreements | EV adoption, premiumization, increased component content per vehicle | Chassis systems, suspension components, exhaust systems, plastic molded parts |
| Four-Wheelers and Commercial Vehicles | Metal fabrication, pressing, assembly for PV and CV segments | Acquisition of H-One India, advanced manufacturing capabilities, strong R&D | Japanese, Indian OEMs including commercial vehicle manufacturers (B2B) | High tensile steel fabrication and proprietary product lines | 1800 | 22 | Sales contracts with OEMs, Tier 0.5 system supply | Multi-year contracts and system supply agreements | New model launches, acquisition integrations, increased export orders | Chassis frames, BIW components, suspension systems, high-tensile steel fabrication |
| Aerospace and Defence | Machined aerospace parts, defense fabrication, specialized materials processing | Entry into global aerospace supply chains; technological edge in metallurgy | Global aerospace and defense OEMs including Israeli and French companies | Specialty materials like titanium and aluminum parts | 150 | 2 | Project contracts and OEM supply agreements | Contract manufacturing and system integration fees | Indian defense market growth, export potential, strategic partnerships | High precision aerostructure and engine components, defense armor solutions |
| Renewable Energy and Other | Components for EVs and renewable energy applications | First mover advantage in Indian EV component space | Electric vehicle manufacturers, renewable energy equipment producers | Innovative EV powertrain components | 100 | 2 | Component supply contracts with OEMs and energy firms | Contractual sales with potential recurring supply | EV market growth, government incentives for clean energy | Electric vehicle powertrain components, solar panel parts |
