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CIE Automotive
SectorConsumer Discretionary
CIE Automotive India Ltd is a multi-locational automotive components company with manufacturing facilities in India, Germany, Spain, Lithuania, Italy, and Mexico. It supplies to automotive OEMs and Tier 1 suppliers, specializing in engine and chassis forged components for commercial and passenger vehicles. The company is part of the CIE Automotive Group of Spain and serves as its vehicle for the global forgings business. CIE Automotive India has 29 manufacturing facilities, including 4 in Europe and 1 in Mexico. Its product range includes crankshafts, steering knuckles, stabilizer bars, gear blanks, front axle beams, and various other automotive components. The company has undergone several name changes and mergers since its incorporation in 1999, expanding its capacity and global presence through acquisitions and partnerships. It has also invested in green energy initiatives and expanded its capabilities in EV parts production.
In the news
CIE Automotive India invests ₹121 cr in wholly owned subsidiary
Motilal Oswal sets ₹501 target for CIE Automotive India
CIE Automotive India Q2 profit jumps 15.5% to ₹236 cr; shares fall 12%
CIE Automotive Q4 revenue at ₹2,390 cr, India growth lags industry
CIE Automotive shares up 7% post Q4 results, India growth momentum
Company insights, generated from the most recent coverage.
₹120 crore rights issue into CIE Hosur repays intercorporate loans, directly boosting subsidiary ROCE by reducing interest expenses and deleveraging the balance sheet.
Capital deployment focuses on expanding gears and EV component capacity, leveraging parent’s strong Q2 momentum (15.5% profit growth) to target 15-16% ROCE.