What we do CIE Automotive India Ltd manufactures and supplies automotive components like engine and chassis forged parts to global and Indian OEMs and Tier 1 suppliers. |
Founded in 1,999 |
Market share Leading supplier in Indian and European automotive forging and casting markets with global footprint and strong OEM relationships. |
Problem solved Provides high-quality, specialized forged and machined components addressing demand for durable automotive parts in fossil-fuel and electric vehicles. |
Top clients or who we serve Serves automotive OEMs and Tier 1 suppliers globally across commercial and passenger vehicle segments (B2B). |
Key management Ander Arenaza - Executive Director and Group CEO; Manoj Menon - Executive Director and CEO; K. Jayaprakash - CFO. |
Our journey and innovations Evolved from Mahindra group forging unit (1999); expanded capacity in India and Europe; acquired Bill Forge; integrated global operations; developed EV-specific components. |
Where we operate Operations in India, Spain, Germany, Lithuania, Italy, and Mexico serving global automotive markets. |
Top products or what we offer Engine and chassis forged components, gear blanks, axle beams, camshafts, forged and machined parts for 2W and 4W including EV. |
Top brands Mahindra Forgings, Bill Forge, CIE Aluminium Casting; recognized for precision forging and diversified automotive components. |
Raw materials needed Steel and aluminum alloys primarily used for forging and casting automotive components. |
Raw materials supplier Global steel and aluminum suppliers; internal recycling initiatives to ensure quality and sustainability. |
Recurring vs cyclical contribution Revenues driven by automotive production cycles but increasingly supported by long-term supply contracts and new EV product lines. |
Our industry position Key global player in automotive forgings and castings with strong presence in India and Europe; competitive edge through technical expertise and scale. |
Financial highlights Standalone FY24 revenue approx. ₹8,964 crore with net profit ₹827 crore; consistent growth with healthy EBITDA margins around 17%. |
Geographical revenue split India contributes approximately 67% of revenue; Europe accounts for about 33%. |
Order book Robust order book driven by new EV model launches and expanding OEM relationships, supporting future revenue visibility. |
Whats driving growth Growth fueled by expanding EV component demand, capacity expansions, and strong Indian automotive market momentum. |
Our future plans Capacity expansions in forging, machining; focus on EV segments; sustainability initiatives; new plant setups including Pune and Aurangabad. |
Our green promise Committed to carbon neutrality by 2050, ISO 14001 and 50001 certified, invests in renewable energy and circular economy practices. |
Our people and values Diverse global workforce with emphasis on safety, training, and leadership development fostering innovation and operational excellence. |
Key challenges ahead Managing transition risks with EV shift, cost pressures in Europe, raw material price volatility, and global supply chain uncertainties. |
Interesting facts Pioneer in introducing fuel rail line technology in India; invests in recycling and zero waste initiatives; robust CSR programs. |
Risks and strategy Mitigates market cyclicality and technology shifts by diversifying products, enhancing R&D for EVs, and optimizing cost structures. |
