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Motherson Sumi Wiring India reported record annual revenue exceeding INR10,000 Cr, with Q4 sales up 33% YoY. Gross margins faced pressure from an 18% sequential copper price hike, though pass-through happens with a 3-6 month lag. The company maintains a debt-free status and strong ROCE (near 40%). Greenfield plants (Kharkhoda 80%, Navagam 60%, Pune 50%) are ramping, contributing over INR400 Cr quarterly, targeting INR2,000 Cr annually. Future capex of INR200 Cr is planned for expansion and automation. Management is bullish on market growth and expects profitability to normalize as greenfields stabilize and copper prices ease.