First of all lets us know what is Auto ancillary ? .
There are many parts in a car , the company that makes these small-small parts of a car for the car manufacturing companies is called a company that operates in auto ancillary space. And then the car manufacturing company assembles these parts made by the auto ancillary company.
So now you have understood what is auto ancillary then now lets go deep into the stocks in this space.
The key growth drivers for the auto component or auto ancillary industry include:
Advent of autonomous vehicles
OEM and government focus on electric vehicles
Use of advanced technology
Concerns of vehicle and passenger safety
Vehicle light-weighting
1. Endurance Technologies
We have talked in depth about this company in our previous blogs. You can refer to that blog here
2. Motherson Sumi
Motherson was founded in 1975 as a small family trading company by the current chairman, Vivek Chaand Sehgal and his late mother, Shrimati Swaran Lata Sehgal. Hence it was named Motherson as it was founded by a mother and her son. In 1986 it engaged in a Joint Venture with Sumitomo Wiring Systems hence it was renamed as Motherson Sumi.
Motherson sumi is one of the worlds fastest growing specialized manufacturing company for Original Equipment Manufacturers.(OEMs)
Motherson sumi is supplying currently 4 out of 5 EVs sold globally.
Motherson sumi also continues to augment its presence in the Japanese CV market by winning businesses for new models in the conventional and the electric vehicle segment.
3. Minda Industries
The Company makes these products related to EVs :-
Power Management Controllers
Brushless Motor Controllers
DC Converters
On Board Chargers
Smart Plug
The company is gearing up for that and is mainly looking at two and three-wheeler components because these segments would be the first to kick off.
4. Sundaram Fasteners
Sundram Fasteners Limited is a Part of The TVS Group was founded in 1911.
Sundaram Fasteners had accepted an order from Tesla to supply it with key parts in gear transmission and equivalents of radiator caps, according to a report on ETAuto in 2017.
Sundaram Easterners has trust of both OEMs and Aftermarket in India,USA,Brazil,Germany,Italy,France,China etc.
“If you don’t include batteries in EVs, then we are supplying all other parts. While we are looking at acquisitions in this space as well, we can also explore the supply of parts to batteries,” says management.
In the electric vehicle space too, the company has been supplying parts to almost all leading companies. It hopes to double the current EV business of ₹50 crore soon.
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