ZF Commercial Vehicle Control Systems India Limited — Investor Meet, 12-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

ZF Commercial Vehicle Control Systems India Ltd. saw Q2 FY26 consolidated revenue at INR 958.21 Cr (+0.8% YoY) and H1 FY26 net profit at INR 230.65 Cr (+10.6% YoY). Gross margins improved due to efficiency. While overall CV production grew, heavy-duty demand softened. Management sees a positive outlook for the industry, driven by infrastructure and e-bus electrification. The company is localizing advanced safety systems and has a strong e-mobility portfolio. US exports declined, but Europe sales and engineering services grew. Management is focused on sustained growth and adapting to market dynamics.