Gist of interview of Vivek Chaand Sehgal, Chairman of Motherson Sumi Wiring India (reported 16.6% YoY decline in net profit at ₹140 crore for Q3CFY. Revenue from operations increased 8.8% YoY to ₹2,300.3 crore. EBITDA fell 9.3% YoY to ₹237.7 crore. EBITDA margin stood at 10.3% compared to 12.4% YoY). The company is in the process of setting up three greenfield plants for new projects related to EVs and internal combustion engine or ICE vehicles for Maruti Suzuki, Mahindra and Tata Motors. These plants are at different stages of completion and ramp-up and are expected to be fully operational in the coming quarters. Despite the ongoing expansions, the business has maintained stable profitability, excluding the expenses related to the new projects. The company is also engaged in conversations with customers regarding potential cost-sharing arrangements for the expansion. The company continues to maintain a debt-free status. These results are a testament to the resilience, particularly given the upfront costs associated with establishing the greenfield plants. These investments support upcoming EV and ICE programmes.