Automotive Industry Update: Electric Vehicle Policy
The crux of the EV Policy lies in its strategic initiative to entice Global Original Equipment Manufacturers (OEMs) to establish local production...
254 Views
Uno Minda - Outperformance Across All Divisions; Sustainable Business Model
Revenue grew by 26%/17% YoY/QoQ with growth across all key product segments, led by the ramp-up of Lighting plant and higher-than-expected growth...
267 Views
Uno Minda - Estimates Largely Inline; Valuations Full at CMP
We like UNO Minda as a play on Auto, especially with a strong EV product portfolio, robust order book and capacity expansion projects, the benefits...
346 Views
Uno Minda - Growth Drivers in Place; Maintain BUY
Uno Minda’s numbers missed our Revenue/EBITDA/PAT estimates. Revenue grew by 20% YoY but stood flat QoQ, a 5% miss (vs. our estimate)
187 Views
Auto Q4fy23 Preview - Improved Product Mix, Moderation in Rm Costs to Drive Margin Growth
EBITDA margins are expected to expand both YoY/QoQ due to a richer product mix, absorption of price hikes, and marginally lower RM costs.
248 Views