A significant portion of 2W sold are fitted with analog and LCD instrument clusters. OEM’s have started making shifts from analog->LCD->LED->TFT.
With EV’s, OEM’s most preferably choose LED or TFT.
Observe the last quarter revenue growth. Most 2w OEM’s sales were grown at a low single digit, but pricol’s revenue growth was in double digits. As the value per vehicle contribution from pricol increases, then Pricol is poised to grow at a much higher rate compared to the sales of 2W. All of this puts Pricol is in a sweet spot.
Monitorables:
Pricol is also planning to use their expertise in IC’s and foray into instrumentation in industrial sector.
Can company crack the PV market? I know they’re supplying to Tata motors.
Since almost all 2W companies posted good sales report in the range of 20%, we could see a very good result from Pricol for Q3FY24.
Disc: Invested from 150 levels, added at every dip and may be biased.
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