We are playing EV capital goods way: Nilesh Doshi

“We are looking at this space in a very niche and very selective way especially where we see the product, the market share gain. Also, there are areas like castings. Now castings have been there in our country or globally very well but now are seeing that European manufacturers are looking at Indian companies to make heavy castings, very high weight castings,” says Nilesh Doshi, Managing Director, Green Lantern LLP






Auto ancillary is a space that you like. We have seen volumes come back in passenger vehicles, CVs etc. Two-wheelers are still on the softer side. How are you playing auto ancillary? Is it the traditional ones or are they EV tilted ones?

Since the buzzword is EV, the way we are playing it, is in a very similar way to the way we look at capital goods because a lot of these companies have been trying for the last many years to get entry into European market with products Made in India for the European markets. It takes many years to break through because for European or American OEMs to switch to Indian manufacturers or suppliers it takes a lot of time.

Typically, they start with new models and then they allow entry into old models etc but all these efforts are fructifying now in companies which make shock absorbers are now getting entry into the European market.

Smart Talk

There are companies who are looking at automation and automatic transmission for the Indian market, now this is a very niche area, and we believe somewhere down the line three, five years probably all the passenger vehicles would be automatic.

We are looking at this space in a very niche and very selective way especially where we see the product, the market share gain. Also, there are areas like castings. Now castings have been there in our country or globally very well but now we are seeing that European manufacturers are looking at Indian companies to make heavy castings, very high weight castings.

« Back to recommendation stories

I don’t want to see these stories because

SUBMIT

We are looking at a very niche way to identify great businesses and great companies which are available with our margin of safety.


(What’s moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)

Download The Economic Times News App to get Daily Market Updates & Live Business News.

Roy Walsh

Related post