West Pharma, Airbus, Valeo, Reckitt, Honeywell and Crown Holdings all flagged India as a top growth market in their latest earnings calls, with specific capacity investments and revenue targets.
India's status as the fastest-growing large economy is a fixture of global boardroom strategy sessions. The June-quarter earnings calls now underway are giving investors a granular look at how that translates into capital spending, production lines, and revenue targets.
West Pharmaceutical Services, the injectable-drug packaging company, identified India as its second-fastest-growing market after China. The growth is broad-based but concentrated in generic and biosimilar GLP-1 products, where the company is participating in several newly approved Indian programmes and will scale alongside its customers, management said on the call.
Airbus opened a helicopter assembly line in India to expand capacity and serve accelerating demand across both civil and military markets. The facility adds India to its global assembly footprint alongside France, Germany, the US and Brazil, the company said.
Valeo, the automotive component supplier, is investing in a new 3-in-1 e-Axle production line for Mahindra and a high-definition surround-view camera line for local OEMs. It expects India sales to reach €700 million by 2028, roughly three times the 2024 level.
Reckitt Benckiser, the consumer goods major, said India continues to benefit from a sales-tax change that has boosted results, though that tailwind will begin to lap in the third quarter and comparables are becoming tougher. The company still expects double-digit growth and sees India as an important growth driver.
Honeywell reported a seventh consecutive quarter of double-digit growth in India, led by increased sales coverage and a hybrid organisational model combining global business groups with a dedicated India-based team.
Crown Holdings, the beverage-can manufacturer, plans to invest roughly $250 million in a new Indian plant with two high-speed production lines. The company expects commitments covering at least 70% of its volume, supported by long-term contracts that anchor the project's economics. The site has been selected but remains undisclosed while land negotiations continue.
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