The co. enjoys a significant market share for the supply of automotive lighting & signaling equipment and rearview mirrors to Two-wheeler and Four-wheeler OEMs. It has diversified its product portfolio by venturing into LED Luminaires for Indoor and Outdoor applications and Integrated Passenger Information Systems with LED Display. It is a sole Supplier to Ola Electric for Headlamps, Tail Lamps, Indicators, Rear Fender Assembly and Mirrors. From 2018 to 2022, the co. has launched 7 models using the World’s smallest Bi-functional LED Headlight.
The market share in the conventional lighting side in FY22, is estimated to be more than 30%.
Its top three customers contributed ~71% of revenues in FY22 Some of the top clients of the co. are : Two Wheeler- Honda, TVS, Yamaha, Suzuki, Eicher Royal Enfield Four Wheeler- Tata Marcopolo, Force Motors, Honda Siel, Hyundai EV- Ola, Hero Electric
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Expecting some good action here over the next fortnight.
"ADVENZYMES"