Am a little wary of just having strategic stake unless the company itself does something in the area.
Case in point is Hero’s strategic stake in Ather Energy which was amongst the 1st to gain success. However the below stat paints a not so rosy picture for Hero-Ather. And TVS and Ola which built technology inhouse are leading. Specially look at TVS’s growth MoM from July to August 2023
To be fair, they have announced 10K Cr investment in creating Lithium Ion cells at their Gigafactory. Would be interesting to read if there is any update on the same… India's Largest Li-Ion Cell Manufacturing Facility: Amara Raja Lays Foundation Stone For Rs 9,500 Crore Gigafactory In Telangana
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