Hi All
I was going through the contents of the situation of European Automobile market and found that some of the plants of big companies are going to shut down in nearby and shares of these European automobile companies are already down by more than 30% (like BMW down by ~33-34%).
As per the Annual report of FY2024 of KPIT 52% of their revenue comes from the European market and if there is that much level of disturbance in the European Market Automobile industry and KPIT being having revenue concentration risk there, then it will impact the KPIT also to very large extent and it takes time to grab the new customer for the company to generate sales and profitability.
I think management is searching for new customers to maintain the sales.
Any views on the above matter.
Sharing below link found on you tube for the views on European Automobile Market.
https://youtu.be/9OjbSdVPEN8?si=5eV2AN2Z54wReGzC
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