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Company Protects Core, Builds for EV Future
28 Jan
Summary
- Revenues primarily generated from a few customers within India.
- Electric mobility efforts are pursued via a separate subsidiary.
- EV subsidiary's earnings are not yet significant to overall profits.
The company's strategic development has been characterized by sustained, incremental growth rather than sudden shifts. Currently, its primary revenue originates from India, largely from a select group of key clients.
In parallel, the company has embarked on its electric mobility venture via a subsidiary. This initiative involves introducing electric two-wheeler products specifically for the Indian market.
These electric vehicle activities are conducted separately from the main manufacturing operations and have not yet substantially contributed to the company's earnings. This approach suggests a focus on safeguarding its core business while strategically preparing for the gradual evolution of the automotive industry.
