It is uncommon for a B2B auto ancillary company to gather the kind of retail buzz usually reserved for banks or consumer giants. Yet this one has over nine lakh investors, reflecting how its story has caught the imagination of retail investors. It supplies components that sit at the core of every vehicle, whether ICE, hybrid, or electric. By FY25, passenger cars accounted for over 60% of revenues, with the company catering to India’s top-selling models. The shift toward EVs and premium mobility is showing in its revenue mix, with EV-linked sales rising past 5% in the latest quarter. Its story now rides on how smoothly the transition to EVs is executed. This series on auto ancillary companies works with the assumption that, from the whole set of auto ancillary companies, some multibagger stocks will emerge. And some companies in this space risk going bankrupt.
