Revised Press Release for the Quarter Ended September 30, 2025

We continue to outperform the 2W industry vehicle production growth in both Q2 FY26 and H1 FY26.

As a result, in first half of FY26, we delivered revenue growth of +14.0% (excluding Wheel Assembly business), Wheel Assembly strategic reduction (-) 53.5% and Consolidated Revenue has grown by +6.1% on year-on-year basis.

Though yes. Today, overall in two-wheeler segment, people feel that the industry may not grow at 6%.

They may grow at about 3%-4% throughout the year, but we expect that we will still achieve the mid-teens growth.

1.75x we should achieve. Maybe I am not saying this FY, but of course, certainly next Financial Year.

our revenue guidance of mid-teens is intact for this financial year in spite of the sector not doing well.