Endurance : Q3FY24
- They added Jaguar Land Rover as a new client new customer for the EV passenger car with an export business value for rupees 240 million
- Strong order wins : new 568Cr + replacement 373Cr
- Capex : 245Cr has been incurred for capacity addition in brake assemblies, aluminium alloy wheels, aluminium casting and machining , suspensions and BMS Line.
- 460Cr cash can be used if needed for funding capex.
- EBITDA : 2W recovery might help in utilisation levels. today 12% it can go to 13% or 14%
- Looking to increase share of 4W from 26% to 45%
- If bajaj grows - Endurance grows with them - they have definite SOP with them.
- Looking to increase share of advanced electronics or embedded electronics business by becoming a significant player for the BMS and new electronic products required for EV applications.
- Royal enfield + BMS Supplies + Maxwell energy from Jan 25
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