BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Systematix Research Report
Motherson Sumi Wiring India Ltd. is a credible proxy to the domestic automotive industry, having sharply outperformed industry growth over the last two decades.
In its maiden FY22 annual report, the company reaffirmed its focus on leveraging mega trends in the industry – electrification, connected mobility and autonomous.
Motherson Sumi Wiring is a market leader (53%/74% revenue/Ebitda share) in wiring harness service solutions, with complete in-house design capabilities and engineering support, backed by its technical collaboration with Sumitomo, Japan.
Over the last 12 years, while the auto industry posted 4%/5% compound annual growth rate in volume/, the company registered 15% CAGR in revenue, highlighting marked growth in content per vehicle (driven by higher electronic content).
Motherson Sumi Wiring has already introduced solutions for electric vehicles/ hybrids, as penetration of nextgen technologies gains pace.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.