Earning Call Transcript

AI summary - Q1 FY27 total sales 178,082 vehicles, -1.3% y-y; domestic sales up 5.4%, exports down 19.6% - Revenue flat at INR163.3bn; EBITDA INR15.1bn, margin 9.3% vs 13.3% last year - Margin impacted by production disruption, US-Iran conflict, commodity costs; EBITDA guidance 11-14% for FY27 - Pune plant third shift starts Oct 2026, advancing capacity ramp-up by 2 years - New ICE mid-SUV launch in festive season; two new models expected to boost H2 growth and market share - Rural sales strong at 26% contribution; CNG segment at 18.2% share - Export recovery expected from Q2; focus on increasing SUV mix in exports - Localization at 83%, targeting 90% by 2030; AI integration across sales, service, manufacturing, and products - Dealer inventory rebuilding for festive season; discounts disciplined below industry average