Motilal Oswal: Endurance Technologies - Roadmap In Place For Continued Superior Growth In India
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Motilal Oswal Report
We had hosted the senior management of Endurance Technologies Ltd. It included discussions on its growth strategy in India and the Europe business, risk and opportunities from electrification and road map to further improve margins/capital efficiencies. Key highlights:
While it supplied all four of its products to Bajaj Auto Ltd. and Royal Enfield, it has recently started supplies of all products to Hero Motorcycle and Scooter India Pvt. (after the brake assembly order).
It is targeting further cross-sell to other original equipment manufacturers like Hero MotoCorp Ltd. and TVS Motor Company Ltd.
It is looking to improve its product mix by increasing the share of higher value components.
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