Yes. Even that also I am counting as a negative factor. All auto ancillary companies are so helpless that they have to go where big OEMs go. They have to put up plants near their OEM plants as these OEMs literally maintain zero inventory and work on Just-in-time . This is a kind of exploitation of auto ancillary where they have no say at all. Secondly , there always a chance that if an auto ancillary putting up a factory to serve a new location of OEM and in case OEM fail to get the market in this new location , they just close shop there. Then what happens to the newly put up factory of ancillary? These lose heavy capital. But who cares about them? I feel sorry for such helplessness of this industry and I dont want my portfolio company in this “bechara” category.
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