BOSCH HOME COMFORT INDIA · forward-looking guidance across the available source record.
Guidance tracker
Management stated confidence that recent strategic corrections—including new product launches (LED, HCV batteries, PC clutches), workshop program expansion, and improved market approach—position the aftermarket for sustained growth going forward.
Management expects 8% growth in Q2 FY27 driven by festive demand, stronger rural cash flows, and ongoing infrastructure activity, though monsoon variability and geopolitical tensions remain key downside risks.
Upcoming Corporate Average Fuel Economy Phase 3 regulations effective April 2027 expected to be a significant growth driver for the power solutions business, alongside CVAS (ADAS) regulations from October 2027.
Joint ventures with Tata Group (e-axles) and TSF Group (air systems) are in final merger control stages; revenue contribution expected from late next year. TSF customer discussions begin September at Auto Expo.
Management expects all-time high production levels in passenger vehicles, tractors, and two-wheelers in FY26, driven by easing interest rates, GST reforms, and strong rural sentiment.
The LCV sub-segment is expected to be a standout performer and achieve all-time high levels in FY26, fueled by e-commerce logistics and infrastructure spending.
The board has clarified a dividend policy targeting 55-80% payout of standalone profit, providing clearer guidance to shareholders.