ET Prime Special Series: Multibagger or IBC - Part 38: For this auto ancillary, EV transition is less about volumes, more about value

This story examines the evolution of a commercial vehicle-focused auto ancillary that has steadily expanded beyond its traditional products. It has built manufacturing scale while also adding software, engineering services, and digital solutions. The revenue mix shows a balance between OEM supplies, exports, aftermarket, and services, reducing reliance on any single segment. A key theme is the rise in content per vehicle, driven in part by electrification. While tariffs put exports under pressure...