Powertrain-Agnostic Firms Drive Mcap Gains In Auto Ancillaries
Promoters whose companies service both ICE and electric segments see a jump in fortunes.
Promoters whose companies service both ICE and electric segments see a jump in fortunes.
Exports grew by 5.5% to $21.2 billion while imports grew by 3% to $20.9 billion, thus resulting in a trade surplus of $300 million.
Over 10 years, cumulative topline of The Next 500 club nearly doubles to ₹10.62 lakh crore even as profit quadruples to ₹60,000 crore.
Vellayan Subbiah’s ability to leverage business opportunities with astute financial prudence and deliver remarkable returns for shareholders puts him in a league of his own.
As industry enters a new growth phase, emerging ancillary players are shaking up the status quo.
Auto ancillaries have started witnessing a healthy ramp-up in revenues with a steadily rising share of EVs, where content per vehicle is expected to rise considerably.
Sanjay Koul leveraged technology and process improvements to deliver the best financials since Timken India’s inception.
While the Covid pandemic put the auto sector through a pincer, the auto ancillary players were not spared of the pain either.
The operating margins are likely to return to pre-Covid levels of 10.5-11% in FY23 compared to 10% in FY22.
Stable demand, imminent easing of supply-chain related concerns, better-than-expected export volumes reap benefit for auto ancillaries