INSUBCONTINENT EXCLUSIVE:
manufacturer, which supplies to companies including BMW and local car market leader Maruti Suzuki India Ltd., have climbed 114 percent in
the past year and offered annualized returns of 107 percent over five years
Ltd., who is the top-ranked analyst for Minda, according to data compiled by Bloomberg.
Safety equipment including airbags, reverse parking
sensors and speed warnings will become mandatory in cars sold from July 1 as India seeks to reduce traffic fatalities
Minda has entered five joint ventures in as many years, giving it exposure to components such as advanced driver assistance systems, airbags
acquisition of Toyoda Gosei Minda India Pvt., Jain said in a May interview with Bloomberg Quint.
Return on equity, a measure of how well
shareholder money is reinvested, was 25.7 percent for Minda, the highest among its peers, according to data compiled by Bloomberg.
Domestic
production of auto components is expected to grow at a compounded annual rate of as much as 13 percent in the five years through financial
year 2022, according to an April report from Crisil, the local ratings unit of SP Global.
Demand for high-end products is expanding and
The company is in touch with original equipment manufacturers for possible EV-compatible systems and is evaluating existing products to see
how they will fit into the market, he said.
