The domestic capex cycle is expected to have accelerated in Q2FY25, and demand in the long term should remain robust. One of the beneficiaries will be Cummins India which should benefit from the strong demand across sectors, good R&D support from multinational parent, Cummins Inc., and strong repair and maintenance business. End-user industries generating demand include data centres, manufacturing, general infrastructure, rental, hospitality, and real estate. Revenue and earnings growth over the FY24-27 period should be in the high teens (18-19 per cent).
Diesel generators are in demand across sectors, and there are strong export opportunities as
