Shivalik AGM Highlights ( v high level for now )
Understanding of Shivalik Edge (right to win) is deeper this year. Conviction has soared with more granular grip on how/why Competitive Position has got stronger.
Tier 1 approval /coverage for all OEMs is now complete consequently new business/platform share will keep going incrementally higher (even where presence is marginal today).
Completion Mapping by us is now complete. Isa Huette (not expanding), Vishay (expanding big but wedded to Shivalik’s Bimetal edge unreplicable by them) Wieland ( otherwise big but in its infancy in EBW 1 mc), Syntec, Taiwan (expanding from 1 EBW), Smart, Korea (similar scale), 2 in China (probably servicing Chinese market, not seen so far in non China)
PS: will try to update details later tonight or tomorrow. On brief vacay from 28th
And as technology demands become more stringent (1% Specs error tolerance set by OEMS shifted now to 0.05% tolerance specific to EV BMS) competition unable to match up will have to fall back to source from Shivalik!
Big Smart Meter calculations shoring up near term slowdown should be discounted (totally is my feel). Supplier infra is nowhere ready. 25 Cr meters might take decade(s) to implement. Currently only about 10% is tendered - even that will be hard to fill
Tempering down near term expectations is a good idea, though Mgmt confirmed that current destocking should normalise by Jan 2024
Subscribe To Our Free Newsletter |