ET Prime Special Series: Multibagger or IBC - Part 34: It has the legacy, will it be able to find a grip in an EV world?

Here’s an auto ancillary shaped by decades in friction technology and now facing a more complex operating environment. Domestic and export demand remain balanced, but the manufacturing footprint lies entirely within one state, creating an operational single point of failure that has already resulted in losses during adverse weather. The company has begun aligning with the EV transition, though commercial contribution is not disclosed. The data points to a business negotiating rising technological expectations and the realities of maintaining relevance in a shifting mobility cycle. This series on auto ancillary companies works with the assumption that, from the whole set of auto ancillary companies, some multibagger stocks will emerge. And some companies in this space risk going bankrupt. The reason is simple: any major transition brings new winners and some losers.