| Insulator division | Manufacture of polymer insulators for power transmission and distribution lines. | First mover in indigenous high-voltage insulator development with utility approvals and long-term contracts. | B2B; power utilities and electrical infrastructure firms. | Specialized 765KV and horizontal line post insulators. | 180 | 10 | Sales of insulators to power utilities and infrastructure companies. | Direct sales contracts with government and private sectors. | Import substitution initiatives and expansion of power infrastructure in India. | Composite Polymer Insulators |
| Vehicle division | Manufacturing and sale of electric buses, electric tippers, and electric trucks for public and commercial transport. | Strong market position, large order book, and investments in large-scale integrated EV manufacturing facility. | Primarily B2B; government-owned transport corporations and private fleet operators. | Electric buses with proprietary technology and blade battery platform. | 1622 | 90 | Sale of electric vehicles predominantly to state transport undertakings and commercial fleet operators. | Contract sales via tenders with milestone-based payments. | Government push for clean energy transport and large scale EV procurement programs. | V2 (7m), iX (9m), X2 (12m) electric buses, CX2 Coach, Electric Tipper trucks |
