Sundaram Finance Holding – Like a mutual fund of top notch TVS group auto ancilliary companies

Hi @nav_1996 ,

It is mentioned in the rating report by Crisil. Quoting the same.

“TEPL is in the primitive stages of researching E-compressors and Electronic Braking which will be used in EVs. The amount spent on the R&D are expenses as revenue expenditure as technical feasibility has not been achieved. Evolution of EVs, and ability to introduce new products, including for EVs will be a key monitorable for TEPL.”

Please refer the below link for the Report.it is of Jul 2023.

https://www.crisilratings.com/mnt/winshare/Ratings/RatingList/RatingDocs/TurboEnergyPrivateLimited_July%2031,%202023_RR_322075.html

Thanks,
Deb