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
Uno Minda Ltd. (erstwhile Minda Industries Ltd.) has embarked on the next leg of capex cycle for alloy wheels, switches, and electric vehicle powertrain components.
In its FY22 annual report, the company highlighted that robust order wins in switches, alloy wheels and lighting segments should drive growth over the near term.
Uno Minda has cemented its position in the EV supply chain, with potential Rs 56,300 (~45% of the vehicle cost) worth of contents in the E-two wheeler and E-three wheeler segments; these include key components like battery packs, battery management systems, motor controllers and DC-DC converters.
The company has won orders for Rs 5.2 billion peak annual revenue and the new plant is to be commissioned in Q1 FY24.
Uno Minda continues to benefit from industry premiumisation, as its content per vehicle has increased significantly over the last few years.
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.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR