Mahindra CIE Automotive - Vision 2025 Targets Electric Vehicles, Superior Margins: ICICI Securities
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ICICI Securities Report
Mahindra CIE Automotive Ltd. hosted its annual Capital Market Day to share its vision for 2025 and strategies. Key takeaways:
the company’s plan 2025 has an ambitious target of ~48% growth (~20% higher than industry) in sales, Ebitda of €1 billion at 19% margins, and profit after tax of €500 million on a cumulative capex of €1 billion over the coming five years.
the target for net debt/Ebitda is less than two times (cumulative capex ~€1 billion). CIE expects the company to drive revenue growth and witness further margin expansion.
Plan 2025 continues with the company’s focus on adoption and implementation of future ready technology using Industry 4.0 elements i.e. robotics, big data, internet of things, digitisation, and cloud.
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