Minda Industries - Sizeable EV Opportunity; Premium Valuations To Continue: Systematix

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Systematix Research Report.Minda Industries Ltd. has cemented its position in the electric vehicle supply chain with a joint venture agreement with FRIWO AG, Germany – a manufacturer of power supply units and e-drive solutions. Minda Industries (50.1% share in the JV) and FRIWO (49.5%) have complementary product portfolios, offering a spectrum of electronic components in the e-two-wheeler and e-three-wheeler industries.The JV plans a capex of Rs 4 billion over the next six years (eligible under the production linked incentives scheme); the product basket can supply incremental content worth Rs 47,000 (~40% vehicle cost), including key components like battery packs, battery management system, motor controllers and DC-DC converters. The partnership has been forged when the EV industry is on the cusp of a growth trajectory facilitated by favourable government policies and incentives..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Minda Industries - Sizeable EV Opportunity; Premium Valuations To Continue: Systematix