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. With the March quarter earnings season in progress, this column will present what CXOs of global corporations are saying about India, along with their perspectives and plans during the current earnings season. Here are some from companies that reported their earnings last week.

Amazon.com, Inc. (AMZN, m-cap of $2850.5 billion)

Amazon highlighted strong traction for its quick commerce offering in India.

“Amazon Now, our 30-minute delivery service, is seeing orders grow 25 per cent month-over-month in India, with Prime members tripling their shopping frequency, underscoring strong customer adoption.”

The Coca-Cola Company (KO, $338.9 billion)

The global beverage giant highlighted India as a key long-term growth market, driven by localisation and brand engagement.

“We linked brands like Thums Up to major events such as the T20 Cricket World Cup and expanded Sprite into rural regions with localised content. India remains a market where our strong local portfolio enables deep consumer connection and long-term growth.”

Hilton Worldwide Holdings Inc. (HLT, $73.8 billion)

The global hospitality company is accelerating expansion in India through large-scale partnerships and pipeline growth.

“We signed an agreement to open 125 Hampton hotels with Royal Orchid, putting us on track for over 400 hotels in India. We see the market as a 10x-20x growth opportunity over time.”

Cognizant Technology Solutions Corporation (CTSH, $25.1 billion)

Cognizant said it continues to evaluate a potential listing in India as part of its long-term strategy.

“We are progressing in our evaluation of a potential primary offering and secondary listing in India, with a focus on maximising shareholder value.”

TransUnion (TRU, $13.9 billion)

The US credit analytics firm said India is stabilising after recent macro and regulatory disruptions, with growth expected to recover.

“India declined 5 per cent, slightly better than expected, and we now see stabilisation in lending volumes. We expect mid-single-digit growth in 2026, supported by recovery in consumer credit and continued innovation, including our partnership with Jio to expand branded calling solutions.”

CNH Industrial N.V. (CNH, $13.3 billion)

The global farm and construction equipment maker reported strong momentum in India, driven by new product launches and rising market share.

“India has reached record highs in production and market share, supported by our new compact tractor line-up. Upcoming launches will further strengthen India as a key hub for both domestic growth and global exports of small tractors.”

Crown Holdings, Inc. (CCK, $10.9 billion)

The US packaging company sees strong structural growth in India’s beverage can market and is scaling capacity to meet demand.

“India’s can market is around 4-5 billion units and growing 15-20 per cent annually. We are increasing supply from South-East Asia in the near term and plan to add 2.2 billion units of capacity to support long-term demand.”

NOV Inc. (NOV, $7.4 billion)

The oilfield equipment and services provider is leveraging India to improve operational efficiency through shared services.

“We established a global service centre in Kochi, India, as part of broader restructuring efforts, enabling shared services and process improvements to enhance operational efficiency.”

Sensata Technologies Holding plc (ST, $6.1 billion)

The industrial technology firm highlighted India as a key growth driver in its automotive segment.

“We are significantly outgrowing vehicle production in India, with revenue from a key OEM more than doubling year-over-year, reflecting strong momentum in this fast-growing market.”

AAK AB (publ.) (AAK, Skr68.7 billion)

The Swedish specialty oils and fats company is expanding into higher-value segments in India through targeted investments.

“We are investing in a pharma facility in India focused on non-active delivery systems, strengthening our position in higher value-added segments and building a platform for long-term growth.”

Medicover AB (publ) (MCOV, Skr 31.3 billion)

The European healthcare provider reported strong momentum in India, driven by operational improvements and rising demand.

“India grew 14.3 per cent in euros and 34.4 per cent in local currency, supported by doctor recruitment and higher revenue per occupied bed. Strong performance in sports and wellness is also driving growth as we prepare the business for a potential IPO.”

Carlsberg A/S (CARLB, Dkr118.5 billion)

The Danish brewer said India continues to deliver strong growth while it evaluates strategic options for the business.

“India delivered double-digit volume growth, and we are exploring options to enhance shareholder value, including a potential IPO of our India business, although no decision has been made.”

DWS Group GmbH & Co. KGaA (DWS, €11.8 billion)

The German asset manager is deepening its India presence through a strategic partnership in alternatives.

“We acquired a 40 per cent stake in Nippon Life India Asset Management’s alternatives platform, a profitable €1-billion AUM business. Going forward, the focus will expand into infrastructure, real estate and private credit to tap India’s large investment needs.”

Andritz AG (ANDR, €7.1 billion)

The Austrian engineering group said India is a major source of growth, supported by its localised manufacturing presence.

“We are seeing very strong growth in India and gaining market share, supported by our fully-localised production capabilities for turbines and generators, which enhance our competitiveness.”

Published on May 2, 2026