Bhandarkar said geopolitical disruption has also “triggered an acceleration in electrification,” creating demand not only from internal combustion engine vehicles but also from the rapidly expanding EV ecosystem.

India’s auto ancillary pack is stepping out from the shadow of original equipment manufacturers, with investors increasingly betting that component makers could be among the biggest winners of the next phase of automotive growth. The trigger, according to JM Financial Asset Management’s Asit Bhandarkar, is a powerful mix of global supply-chain disruption, rising export competitiveness and a faster-than-expected electrification cycle.....

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Via businesstoday.in