Revenue by Segment

Financials in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019	Dec '18 Dec 31, 2018	Dec '17 Dec 31, 2017	Dec '16 Dec 31, 2016
Commercial Vehicles	346.60K	-	-	-	-
Two-Wheelers	1.16M	-	-	-	-
Two-Wheeler - EMEA (Excl. Italy)	-	649.70M	732.60M	746.60M	659.70M
Two-Wheeler - EMEA (Excl. Italy) Growth	-	-11.32%	-1.88%	13.17%	20.71%
Two-Wheeler - Italy	-	240.30M	246.10M	226.40M	222.70M
Two-Wheeler - Italy Growth	-	-2.36%	8.70%	1.66%	57.27%
Two-Wheeler - America	-	101.00M	128.70M	124.90M	87.50M
Two-Wheeler - America Growth	-	-21.52%	3.04%	42.74%	60.55%
Two-Wheeler - India	-	49.60M	45.00M	62.50M	66.00M
Two-Wheeler - India Growth	-	10.22%	-28.00%	-5.30%	35.80%
Two-Wheeler - Asia Pacific	-	257.70M	381.00M	523.40M	333.10M
Two-Wheeler - Asia Pacific Growth	-	-32.36%	-27.21%	57.13%	33.45%
Commercial Vehicles - EMEA (Excl. Italy)	-	29.50M	43.50M	46.70M	50.90M
Commercial Vehicles - EMEA (Excl. Italy) Growth	-	-32.18%	-6.85%	-8.25%	26.30%
Commercial Vehicles - Italy	-	61.90M	81.00M	85.90M	76.20M
Commercial Vehicles - Italy Growth	-	-23.58%	-5.70%	12.73%	73.97%
Commercial Vehicles - America	-	13.10M	9.90M	10.00M	7.40M
Commercial Vehicles - America Growth	-	32.32%	-1.00%	35.14%	72.09%
Commercial Vehicles - India	-	298.50M	317.30M	261.10M	165.20M
Commercial Vehicles - India Growth	-	-5.92%	21.52%	58.05%	-10.41%
Total	1.50M	1.70B	1.99B	2.09B	1.67B
Total Growth	-99.91%	-14.30%	-4.91%	25.10%	27.03%

Revenue by Geography

Financials in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019	Dec '18 Dec 31, 2018	Dec '17 Dec 31, 2017	Dec '16 Dec 31, 2016
EMEA and Americas	1.10B	1.24B	1.24B	1.10B
EMEA and Americas Growth	-11.78%	0.10%	12.32%	32.90%
India	348.18M	362.34M	323.56M	231.16M
India Growth	-3.91%	11.98%	39.97%	-0.80%
Asia Pacific 2W	257.71M	380.96M	523.40M	333.11M
Asia Pacific 2W Growth	-32.35%	-27.21%	57.13%	33.44%
Total	1.70B	1.99B	2.09B	1.67B
Total Growth	-14.29%	-4.90%	25.09%	27.02%

Source: S&P Global Market Intelligence.