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...
253 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...
264 Views
ASK Automotive Pre-IPO - Business Has Been Resilient, Although Concentration Risk Remains Elevated
Ask Automotive (7175293Z IN) is looking to raise around US$145m in its upcoming India IPO. ASK Automotive (ASKA) manufactures brake-shoe and...
360 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...
345 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)
186 Views