Balaji Gopalan, Managing Director of Carraro India , a Pune-based company that makes transmission systems for tractors and off-highway vehicles, said the company expects to reach about 12% margins in the fiscal year 2026-27 (FY27) as new product lines scale up and supply-chain issues ease. “The guidance we gave for this financial year is 11%,” he said, adding that margins should rise further next year as validations and localisation plans fall into place.

Gopalan said revenue growth has been strong, with earnings before interest, taxes, depreciation, and amortisation (EBITDA) and profit after tax rising from last year. He attributed this to customer acceptance of Carraro’s technology and rising orders from original equipment manufacturers (OEMs). “The four-wheel drive has been the key f

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