FY2024 Concall notes
Weak Off Highway market (Impacts differential gears and differential assembly business)
Uncertainity on FAME subsidy making Indian 2W market uncertain
Red Sea - leading to higher transportation time (increased Working capital)
Positive
Recovery in Europe and EV penetration in China
Pivoting Novelic to product engineering company
Increasing R&D Spend (good for long term growth)
This was an interesting bit - take on BEV vs Hybrid
Disc…On the sidelines for the time being—planning to invest
Regards
Pankaj Garg
(Pankajg.substack.com)