3M India Annual Report Analysis - Supplies To EV, Mobile Handsets Are Key Growth Drivers: ICICI Securities
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ICICI Securities Report
3M India Ltd.'s FY21 annual report highlights:
auto electrification is focus area for the company and it will introduce differentiated products in battery thermal management and display solutions,
3M also plans to work closely with original equipment manufacturers, their contract manufacturers and suppliers to enable more local content,
the company introduced three products in automotive segment. We expect launches of additional products with normalisation of economy,
3M’s products like hand sanitizers, respirators and home solution products (Scotch Brite, Command etc.) did well during the year.
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