With India being the fastest growing large economy, ‘what is your India plan?’ is a common topic in boardrooms of most global corporations. One important source to distil their India plans is from their quarterly earnings calls. This column will present what CXOs of global corporations are saying about India, along with their perspectives and plans during the current earnings season. With the June quarter earnings season in progress, here are some from companies that reported their earnings last week.

West Pharmaceutical Services, Inc. (WST, m-cap $23.1 billion)

The injectable drug-packaging company identified India as its second-fastest-growing market, supported by new biosimilar approvals and increasing demand for GLP-1 products.

“India is currently our second-largest geographic growth engine after China. Growth is broad-based but led by generic and biosimilar GLP-1 products, where we are participating in several newly-approved Indian programmes and will scale alongside our customers.”

Airbus SE (AIR, €161.9 billion)

The aerospace major opened a helicopter assembly line in India to expand capacity and serve rapidly-growing civil and military demand.

“We opened a new assembly line in India as helicopter demand accelerates across both civil and military markets. The facility expands our production capacity and adds India to our global assembly footprint alongside France, Germany, the US and Brazil.”

Valeo SE (FR, €3.3 billion)

The automotive component supplier is expanding Indian manufacturing for electric powertrains and camera systems, targeting a three-fold increase in local sales by 2028.

“We are investing in a new 3-in-1 e-Axle production line for Mahindra and a high-definition surround-view camera line for local OEMs. We expect India sales to reach €700 million by 2028, three times the 2024 level, and remain on track.”

Nestlé S.A. (NESN, CHF 204.0 billion)

The consumer goods major expects India to remain a key growth driver, sustaining double-digit growth even as favourable sales-tax comparisons begin to normalise.

“India continues to benefit from the sales-tax change, although this tailwind will begin to lap in Q3 and comparables are becoming tougher. Nevertheless, we still expect double-digit growth and see India as an important growth driver.”

3M Company (MMM, $87.5 billion)

The diversified industrial company reported a seventh consecutive quarter of double-digit growth in India, supported by expanded sales coverage and a dedicated local organisation.

“India led double-digit growth across Asia, extending its growth streak to seven consecutive quarters. Increased sales coverage and a hybrid organisational model combining global business groups with a dedicated India-based team are driving the performance.”

Crown Holdings, Inc. (CCK, $12.8 billion)

The beverage-can manufacturer plans to invest approximately $250 million in a new Indian plant with two high-speed production lines, supported by long-term customer commitments.

“A new plant in India with two high-speed lines will cost around $250 million, depending on land and construction costs. We expect commitments covering at least 70 per cent 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.”

Published on July 25, 2026