There are a lot of EV stocks out there but only a few of them have the potential for multi-bagger returns
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It designs, manufactures, and supplies highly engineered, mission-critical automotive systems and components to automotive OEMs across the world. Around 75% of its revenues are from overseas.
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The company's market leadership is noteworthy. It's the largest switch player in India and the second largest globally in the horn segment. It's also the third largest auto lighting player in India.
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It distinguishes itself in the EV supply ecosystem due to its specific focus on green mobility, with technology and digitisation at the core.
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In the financial year 2021, the company decided to venture into the electric vehicle (EV) segment via its battery division, Battrixx. Battrixx is positioned to provide a wide range of advanced Li battery packs with smart battery management system (BMS).
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The company has taken the first steps towards its next phase of growth in the New Energy business by supplying li-ion battery packs to three wheelers.
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