ET Prime Special Series: Multibagger or IBC - Part 44: This auto ancillary is testing the EV space, will it be able to make it?

This company’s evolution reflects a long, incremental build rather than a sharp strategic pivot. Today, the revenues are largely generated within India from a few concentrated customers. Alongside, the company has initiated its entry into electric mobility through a subsidiary. This includes the launch of electric two-wheeler products aimed at the domestic market. These EV efforts sit outside the main manufacturing engine and are not yet material to earnings. Taken together, it suggests a company...