My observations
About this company :
The Company’s product portfolio includes Gear Shifters, Control Cables, Flexible Shafts, Jack Kits, Parking Brake Assemblies, Winches, and Pedal Boxes among others
The Company is a supplier to more than 20 OEMs of 2, 3, & 4 wheelers and 250+ dealers in the after-market.
Some major OEMs include names like Maruti Suzuki, Hero MotoCorp, Ashok Leyland, Tata, Mahindra, PSA (Peugeot), Piaggio, etc. from India.
It also supplies to global OEMs like Ford Motor Co., Jaguar Land Rover, Daimler, Aston Martin, Volvo, etc.
The Co have 4 Manufacturing Plants across India and 1 in the UK.
In FY22, Company set up a new greenfield plant in Chakan, Pune : the main reason was to be close to the client
REMSONS was a pure technical play : Did see a big spike in the candle suddenly there were fire incident on 30th July 2023 – so exited before the fall.
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