Siemens India has signalled a sharp slowdown across several core manufacturing segments, with the company revising its market growth expectations downward for FY25–30. The update, disclosed in its latest investor presentation, highlights a visible cooling in demand within Digital Industries (DI), one of its most important business divisions.
According to the company’s revised outlook, Industrial Machinery, which previously grew at a market CAGR of 20–25% between FY21–25, is now expected to expand at only 5–8% over FY25–30 — indicating a sharp deceleration. The Metals vertical shows an even steeper moderation, with expected CAGR dropping from 10–15% earlier to 0–5%, signalling a muted or flat trajectory.
Meanwhile, the Automotive sector remains relatively stable, with projected growth of 5–8%, compared to the previous 5–10% market CAGR, reflecting only a slight moderation.
The management commentary suggests that this recalibration reflects broader industry trends, including elongated investment cycles, deferred capacity expansions, and a slower-than-expected recovery in capital goods demand.
Source: Company investor presentation