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Systematix Research Report
Endurance Technologies Ltd. has commenced supplies of anti-lock braking systems from September 2021 and will ramp-up supplies to a full capacity of 400,000 units over the next six to nine months.
The commencement of ABS supplies marks its entry into fast-growing, high- electrical components.
We believe Endurance Technologies will continue to outperform industry growth driven by new projects which should contribute meaningfully over the near term; these include:
the commencement of ABS supplies from September 2021,
expansion at its disc brake facility from Q3 FY22,
full impact of new orders from Honda two-wheeler, Hyundai and Kia Motors as new plant ramps up,
casting orders from non-auto customers and
high- suspension exports to KTM, Europe.
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