Steelbird Hi-Tech eyes 30% revenue growth this year on high domestic demand

World's largest helmet maker Steelbird Hi-Tech India is eyeing over 30 per cent revenue growth this fiscal owing to the increased domestic demand for branded helmet and potential mandatory helmet usage regulations, the company's Managing Director Rajeev Kapur has said.

Kapur also said Steelbird has plans to launch 36 new helmet models for the premium segment at the Motor Show (EICMA) in Milan this year besides launching a super high-end model.

"At present only 30 per cent of riders wear helmets and only 10 per cent pillion riders do so. The helmet demand in the country is expected to grow manifold.

"Currently, 50 million helmets are being produced in the country -- 45 million branded and five million fake... These (fake) manufacturers are going to be out of business and that demand is going to come to us (branded companies)," Kapur told PTI.

He said the company sold eight million helmets in FY24 and is expecting to sell 10 million this fiscal and 15-million by March 2026.

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