After some more reading and speaking to some-people involved in the value chain, the understanding I have is that:
- There is a tech-edge and barriers to entry when it comes to the Auto business (as there is a long approval process and products are also more sophisticated)
- Same true for their bimetal business esp when they are supplying to the likes of Scheider etc
Though, when it comes to enery meters (and smart meters) it seems that there could be some local competition that may emerge. Also companies might still import from China as it works out to be cheaper even after duties.
Would be keen to gather thoughts from others on these.
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