FIEM automotive-lighting sales reached Rs 2,095.2 crore

In financial year 2026 (FY26), FIEM reported automotive-lighting net sales of Rs 2,095.2 crore, compared with Rs 797.9 crore in FY21; rear-view mirrors rose to Rs 297.6 crore and plastic moulded parts to Rs 254.1 crore, with both smaller lines more than doubling over the five-year comparison.

How did FIEM’s automotive-lighting business grow?

FIEM’s automotive-lighting net sales increased by Rs 1,297.3 crore between FY21 and FY26, reaching Rs 2,095.2 crore from Rs 797.9 crore. FY26 sales were also Rs 339.2 crore higher than Rs 1,756 crore in FY25, making lighting the largest disclosed product line in each of the six financial years presented.

The automotive-lighting range includes head lamps, tail lamps, blinker lamps, fog lamps, warning triangles, interior lamps and beacon lights for two-wheelers and four-wheelers. FIEM lists seven lighting facilities: Kundli and Rai in Sonepat, two sites in Hosur, and plants in Nalagarh, Tapukara and Ahmedabad.

The lighting line increased in every year in FIEM’s FY21-to-FY26 series, including by Rs 136.7 crore from FY23 to FY24. FIEM says it has research-and-development and design centres in India, Italy and Japan, with optical simulation and engineering capabilities for light assemblies using light-emitting diode, or LED, technology and other systems.

Which FIEM product lines more than doubled since FY21?

FIEM’s rear-view mirror and plastic moulded-parts lines both more than doubled from FY21 to FY26. Mirror sales rose from Rs 146.4 crore to Rs 297.6 crore, while moulded-parts sales increased from Rs 114.8 crore to Rs 254.1 crore; both remained substantially below the Rs 2,095.2 crore lighting line in FY26.

Rear-view mirror sales rose each year in the reported series, from Rs 240.5 crore in FY24 to Rs 266.6 crore in FY25 and Rs 297.6 crore in FY26. FIEM describes six mirror manufacturing plants and says it carries out mirror-plate making, plastic-housing production, rod making and final assembly in-house; its listed mirror sites are Units 2 and 5 in Hosur and Unit 8 in Tapukara.

Plastic moulded-parts sales rose by Rs 17.9 crore in FY26 from Rs 236.2 crore in FY25, compared with a Rs 40.8 crore increase in FY22 from the FY21 base. FIEM says moulding is integral to lighting and mirror assemblies, while it also supplies standalone parts from Units 2, 8 and 9. Its six injection-moulding plants use machines ranging from 50 tonnes to 1,400 tonnes and can make parts weighing from 20 grams to 2.5 kilograms.

What did FIEM’s smaller automotive businesses contribute?

FIEM’s Others automotive segment contributed Rs 89.4 crore in FY26, unchanged from FY25 but below Rs 105.3 crore in FY21 and the series high of Rs 139.5 crore in FY22. FIEM defines this group as items each contributing less than 10% of total sales, mainly fabrication items, canisters and bank-angle sensors.

The category declined to Rs 69.1 crore in FY23 and Rs 57.9 crore in FY24 before recovering to Rs 89.4 crore in FY25. Within the disclosed items, bank-angle-sensor sales increased from Rs 29.8 crore in FY21 to Rs 54.2 crore in FY26, while canister sales were Rs 10 lakh in FY26 after Rs 2.2 crore in FY21.

FIEM’s fabrication operations include more than 50 presses, rolling, pipe bending, several welding processes, zinc plating, phosphating and powder coating. The company lists Unit 3 in Hosur, Unit 6 in Nalagarh and Unit 8 in Tapukara for sheet-metal parts, including front and rear mudguards for motorcycles and mopeds.

What customer and manufacturing base supports FIEM’s products?

FIEM says it supplies more than 50 original equipment manufacturers, or OEMs, and has significant market share in automotive lighting, signalling equipment and rear-view mirrors for two- and four-wheel OEMs. Its lighting customer list includes Honda two-wheelers, TVS, Yamaha, Suzuki, Royal Enfield, Tata, Mahindra, Ashok Leyland, Hyundai, Daimler and Kubota.

In FY26, TVS Motor Company accounted for 32.71% of FIEM’s automotive-segment customer contribution, followed by Honda Two Wheeler Group at 24.78% and India Yamaha at 14.15%. Suzuki Motorcycle represented 9.25%, Royal Enfield 5.79%, the replacement market 4.98% and other customers 8.34%; the three largest named customers therefore represented 71.64% of the disclosed mix.

The customer mix changed in H1FY27, the first half of FY27, when TVS Motor Company’s contribution was 36.07%, or 3.36 percentage points above its FY26 share. Honda Two Wheeler Group contributed 23.80% and India Yamaha 13.37% in H1FY27. FIEM also says it is working with major electric-vehicle OEMs in India, supplying a portfolio that includes LED lighting, mirrors and plastic parts.

Conclusion

FIEM’s disclosed product data show that lighting accounted for the largest part of the product-line expansion through FY26, while the mirror and moulded-parts businesses also delivered sustained growth across the six-year series. The FY26 gap between lighting sales and rear-view mirror sales was Rs 1,797.6 crore, while the Others segment remained at Rs 89.4 crore after recovering from its FY24 level.

The next development to watch is whether FIEM’s work with major electric-vehicle OEMs produces further sales growth across lighting, mirrors and plastic parts. Customer concentration also remains relevant: TVS Motor Company’s share of automotive-segment contribution increased from 32.71% in FY26 to 36.07% in H1FY27.