CIE Automotive India Limited has officially announced the acquisition of a 26.09% stake in Suryadeep GJ3 Project Private Limited. This investment, totaling Rs. 48,00,000, was finalized on May 15, 2026, through the allotment of 4,80,000 equity shares. With this transaction, Suryadeep has officially become an associate company of CIE Automotive India.

The acquisition is strategically designed to transition CIE Automotive India into a captive consumer of renewable energy. By holding at least 26% of the equity capital in the power-generating plant, the company aims to comply with applicable electricity laws to source captive solar power. The objective of this project is to set up a captive solar generating plant with a gross capacity of approximately 1.6 MWp, which will serve to optimize power costs for the company’s manufacturing factories located in Rajkot, Gujarat.

CIE Automotive India Limited is a prominent multi-technology automotive components supplier, operating as a subsidiary of the Spain-based CIE Automotive group. The company specializes in producing essential automotive parts, including forgings, castings, stampings, gears, magnetic products, and plastics, which are supplied to global original equipment manufacturers (OEMs) and Tier 1 suppliers. Throughout 2025, the company maintained its focus on strengthening its supply chain and operational footprint. Notable developments included consistent year-over-year sales growth reported in various quarters throughout 2025, driven by strong domestic demand. The company continues to prioritize its ESG commitments and has explored various corporate-level energy partnerships to support its manufacturing operations.

Financial performance throughout 2025 showcased the company’s resilience amid global challenges. For instance, in the quarter ended September 2025, the company recorded an 11.11% year-over-year sales increase. Similarly, the quarter ended December 2025 saw a 13.41% year-over-year sales growth, reflecting a steady upward trajectory in revenue. While the company benefits from a healthy order pipeline, it has navigated challenges such as increasing input costs and fluctuating export demand. Although specific individual retail investor names are often dynamic, institutional interest in the company remains robust, with various financial analysts and firms like Motilal Oswal actively tracking and providing positive outlooks on the stock throughout 2025 and into 2026.