Ketan has a point in that the tailwinds mainly come from increasing demand and the Indian manufacturers are not in a position to take advantage as they are always behind in terms of technology and pricing power. The turnaround comes from govt.’s protection which makes it fragile as they will again crumble in the face of competition.
Its not a Tata motors like story where they either acquired (JLR) or developed in-house capabilities, allowing them to be competitive with other large players. The company itself is forward looking. Whereas Solar manufacturers in India are not forward looking even though the industry is.
| Subscribe To Our Free Newsletter |
