Multibagger or IBC - Part 7: With a new plant in Gujarat, will this company change its pivot?

No buzzwords. No pitch decks. No founder Twitter threads. Yet this company has quietly served a large carmaker for nearly four decades. It’s a supplier of axles, chassis systems, and sheet metal components. It is deeply embedded in the automotive value chain, but completely tied to one OEM. And as that OEM has been cautious in its EV transformation, this auto ancillary has been a late mover in the space. But now that it has begun its pivot in step with the mother company, it’s doing it in style, with a 100% robotised EV-dedicated plant. And also in silence, without any fanfare. In an era of noise, this might be India’s old-school small-cap bet.