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Helmet maker Steelbird Hi-Tech India has said the premium segment is expected to account for 20 per cent in the company's overall topline by 2032 as it sees demand growing for its niche brands. In the last fiscal year, the company clocked a revenue of Rs 869 crore, with the premium segment contributing less than 5 per cent, said SteelBird Hi-Tech Managing Director Rajiv Kapoor. He also said the company is aiming to double its helmet production capacity to 2.5 crore in the next five years, along with a topline of Rs 2,500 crore, besides plans to invest Rs 500 crore in the capacity expansion over this period. Steelbird Hi-Tech has seven manufacturing facilities in Himachal Pradesh besides three in Noida (Uttar Pradesh) and an R&D facility besides an office in Italy. It serves the helmet market under various brands and across segments, including premium range. "Premium segment (currently) is not so big. It will not be even 5 per cent of the total market. But it is growing and I think
Formula E could return to India in 2025 and discussions with other cities to host a race will begin soon, said co-founder Alberto Longo, making it clear that the electric series is keen to race in the country despite the Hyderabad E-Prix cancelation. The Hyderabad race, which was scheduled to take place on February 10, was cancelled last week after just one season with Formula E alleging a breach of the host city agreement by the newly-elected Telangana government. "We are working to coming to India in the future, we will be starting conversations with different cities in India soon," Longo told PTI ahead of the season-opening Mexico E-Prix. "But we will be looking to race in India in the future, hopefully as soon as 2025," he added. He also revealed that one Indian city has already expressed interest in hosting the electric race. "Too fresh (the Hyderabad cancellation), but there has been some approach when they got to know the news of us not coming back to Hyderabad. There was o