Thank you @nirvana_laha and @manpritaurora for this awesome thread. Loved the detailed analysis. This came to my attention after @hitesh2710 and @phreakv6 had posted about it recently. It’s run up a bit, but still seems reasonably valued.
I had a question regarding sub-component exports. I guess it’s still early stages, but what subcomponents are they seeing the demand for – is it only related to exhaust systems and gensets? In their latest earnings call, they said “…establishing an export business, which is for emission systems for smaller tractors, gensets as well as subcomponents, which is part of our backward integration already.” So are these subcomponents related to emission systems and gensets only? What about suspension related opportunities? While they are not that big in India there, they still claim to have a market share of 10% in suspension systems in their Q2 investor presentation. Are export opportunities strong there too?
Will be great to get any additional insights on this. Thank you.
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