Thanks for starting the thread!
Does anyone have visibility into NDR’s share of business for the seat frames within Maruti’s overall volumes? And also which models they supply to – SUVs only or all models? Same for Toyota?
Also, any visibility on whether they are developing any new products to increase their value contribution per car?
Lastly, any visibility on their cost efficiency and capital efficiency vs similar competitors?
My hypothesis is that
(a) the market isn’t giving Maruti’s SUV story much credibility yet, as it has missed the bus in the past – however, recent trends are suggesting a reverse l and final strong entry of Maruti into this segment. If NDR is overweighted towards SUVs, then they stand to gain if and when Maruti/Toyota’s SUV biz picks up
(B) management of working capital tightly is crucial to achieve high turns. They seem on par with peers on this.
Please validate these hypotheses.
Thanks
KS
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