Synopsis
The year was 2016. At a time most of its peers were wondering how they could adapt to survive the EV transformation in the auto sector, this auto ancillary had not only made the pivot but had actually switched to becoming an EV OEM. That year, it launched its first electric bus! In addition, today, as rivals are worrying about US tariffs, this company is doubling down on India and select international markets through a mix of aggressive tender wins, strategic JVs, and capital infusion from global institutions.
This series on auto ancillary companies works with the assumption that, from the whole set of AA companies, some multibagger stocks will emerge. And some companies in this space risk going bankrupt. The sixth company in our series on auto ancillaries that are adapting (or not) to the electric vehicle (EV) transformation in the auto industry stands quite apart from its peers. Alongside adapting to the EV transformation, it has also emerged as an
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