CIE Automotive India Q2 & H1 CY25: Spain’s Forging Beast Just Shifted Gears – But Is It Slowing in India?
1. At a Glance
Despite a tough Q2 CY25, CIE Automotive clocked ₹204 Cr in profit and kept margins stable at 14%. Yes, the growth engine may have hit a small speed bump, but the balance sheet’s still rock solid — and debt almost nil.
2. Introduction with Hook
Think of CIE Automotive like a European-engineered diesel SUV — reliable, torquey, globally integrated… but not always speedy.
Q2 PAT: ₹204 Cr (YoY down ~6%)
Sales: ₹2,369 Cr (YoY up 2%)
Margins: Consistent 14% OPM
Debt: Practically nonexistent
Global Exposure: From Pune to Pamplona and Mexico to Mangaluru
It’s Mahindra’s global forging cannon — even if the bullets lately have been slower.
3. Business Model (WTF Do They Even Do?)
CIE Automotive India is the Indian arm of Spain’s CIE Automotive S.A., and they’ve got one job: Make world-class forged, machined, cast, and plastic auto parts and ship ’em to every auto OEM worth mentioning.
Product lines include:
Forgings (their bread & butter)
Castings, Machining, Composites, Gears
For Passenger Vehicles, CVs, Tractors, and EVs
Key Clientele: Mahindra, Tata, Maruti, VW, Daimler, and more Footprint: India, Germany, Spain, Lithuania, Mexico
Bottom line? If it moves, CIE probably built a part of it.
