Steelbird Hi-Tech India Targets 30% Revenue Growth Amid Domestic Demand Surge

Steelbird Hi-Tech India aims for over 30% revenue growth this fiscal, driven by increased domestic demand for branded helmets and potential mandatory helmet regulations. Managing Director Rajeev Kapur announced plans for new helmet models and significant investments to expand production capacity.

World's largest helmet maker, Steelbird Hi-Tech India, is setting its sights on a substantial 30% revenue boost this fiscal year, spurred by rising domestic demand for branded helmets and the potential implementation of mandatory helmet usage regulations. The company's Managing Director, Rajeev Kapur, highlighted these growth drivers in a recent statement.

Steelbird is gearing up to unveil 36 new premium helmet models at the upcoming Motor Show (EICMA) in Milan, marking a significant entry into the super high-end segment. Kapur revealed that currently, only 30% of riders and 10% of pillion riders wear helmets, but the demand for helmets in India is set to increase exponentially.

The company sold eight million helmets last fiscal year and targets to sell 10 million this year, with a projection of 15 million by March 2026. Last year, Steelbird achieved a 27% revenue growth and is now eyeing Rs 1,000 crore in revenue. Recent investments include a Rs 105 crore upgrade to its Baddi plant and a new Rs 250 crore facility in South India, aimed at boosting production capacity.

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