Motherson Sumi Wiring India Limited (MSUMI) has released the transcript of its investor call held on January 30, 2026, discussing the un-audited financial results for the third quarter and nine months ended December 31, 2025. The company acknowledged a mixed operating environment, with strong Indian automotive industry growth offset by sustained upward pressure on commodity prices, particularly copper. During the call, management addressed the impact of copper inflation, estimating it at approximately 1.9% to 2% for the quarter. They clarified that back-to-back contractual arrangements with customers provide for pass-through of these costs, with a time lag of one to six months. While copper price increases are beyond the company's control, discussions are ongoing to minimize the impact and adjust prices accordingly. The company also provided an update on its greenfield projects and new startup plants. While some EV programs have seen slower ramp-ups or deferrals, volumes are gearing up in Q4 FY26 for certain EV powertrain projects. Management expects these greenfield plants to reach optimal utilization and EBITDA breakeven levels within the next two to three quarters. MSUMI reiterated its commitment to maintaining a debt-free status, supported by strong cash flow generation and prudent capital management. The company is focused on deepening customer relationships, increasing content per car, and supporting OEMs in their transition to new powertrain technologies. Capex for the current year was projected at ₹220 crore, with ₹150 crore already incurred. Budget finalization for the next year's capex is ongoing. Segment-wise performance discussions indicated robust growth in the Passenger Vehicle (PV) industry (19% YoY), Commercial Vehicle (CV) industry (18% YoY), and 2-wheeler industry (15% YoY). MSUMI's overall revenue growth of 25% YoY is attributed to contributions across these segments.
