Fiem Industries Expands OEM Partnerships Across EV and ICE Vehicle Programs

Fiem Industries has provided an investor update highlighting its growing order book and expanding engagement with leading automotive manufacturers across both two-wheeler and four-wheeler segments. The company continues to strengthen its position in conventional and electric mobility programs while deepening relationships with established OEMs. Its ongoing product development activities, export programs, and platform participation indicate increasing opportunities across domestic and international markets. The update reflects a balanced growth strategy focused on EV adoption, global expansion, and long-term customer partnerships.

Two-Wheeler Business Continues to Expand

In the two-wheeler segment, Fiem Industries is supplying TVS Motor Company across multiple platforms including iQube, Jupiter, Moped, and motorcycle programs. The company is also expanding its association with Honda, including participation in the Activa EV platform, while additional models remain under development. Supplies for Royal Enfield's Classic platform continue, and Fiem is also involved in its electric vehicle initiatives. Hero MotoCorp has approved the company for a new upcoming EV platform, further strengthening its electric mobility portfolio.

Global Development Programs Gain Momentum

Growth was also recorded with Suzuki and Yamaha during the year. Yamaha currently has eight to nine models under development targeting both domestic and international markets. These programs are expected to serve customers in Europe and Brazil, highlighting the increasing global footprint of Fiem Industries. The growing number of development projects across multiple OEMs demonstrates the company's ability to support diverse vehicle platforms and changing customer requirements.

Four-Wheeler Segment Builds Future Pipeline

Within the four-wheeler segment, supplies to Mahindra commenced around 1.5 years ago, with Fiem Industries progressing from a second-source supplier to a first-source supplier for select projects. Key order fulfilments are expected to begin in FY 2027 ending March. Supplies to Force Motors are already underway, while active engagement continues with Tata Motors. These developments indicate a strengthening presence in passenger vehicle programs and the potential for larger production volumes in the coming years.

Export Opportunities and Validation Activities

The company's export initiatives continue to progress through a testing and validation project with Mercedes-Benz. Samples have already been submitted, and a final RFQ is expected after successful completion of validation activities. In parallel, product development work for Norton Motorcycles remains underway. Such projects highlight Fiem Industries' efforts to expand into premium global markets while leveraging its engineering and manufacturing capabilities for future growth opportunities.

Frequently Asked Questions

What are the key growth areas for Fiem Industries?
Fiem Industries is expanding across electric vehicle programs, OEM partnerships, and export markets while strengthening its presence in both two-wheeler and four-wheeler segments. The company is actively involved with multiple vehicle platforms including EV programs from major manufacturers. It is also progressing on global validation projects and new product developments for international customers. These activities support long-term business growth through diversified revenue streams, stronger customer relationships, and increased participation in emerging mobility technologies.

Which OEMs are currently associated with Fiem Industries?
Fiem Industries works with several leading automotive manufacturers across domestic and international markets in both conventional and electric mobility segments. Its customer portfolio includes TVS, Honda, Royal Enfield, Hero MotoCorp, Suzuki, Yamaha, Mahindra, Force Motors, Tata Motors, Mercedes-Benz, and Norton Motorcycles. The company continues to expand existing programs while securing new opportunities in EV platforms and export markets, reinforcing its position as a key automotive component supplier.