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However, factors such as incremental volume from the premium bike segment, strong product lineup, and improving demand for entry-level bikes may help the country's largest bike maker in mitigating the margin pressure from the EV segment and retain its outperformance on bourses. The stock has gained over 50% in the past three months, outperforming the 18% return of the ET Automobiles index.
All our segments have done very well. We have retained the leadership position in our breaking system. We have grown very well in the aluminium light weighting precision solutions and the safety control cables but there has been a stupendous growth in the exports which we have done exceedingly well.
Budget 2024: Most EV makers hope for an extension of the FAME subsidy scheme and a reduction in the GST cut on components in the Union Budget
India's Commerce Secretary, Sunil Barthwal, has said that countries negotiating free trade agreements (FTAs) with India are looking to gain a greater share in the country's rapidly growing automobile sector. The industry has strengthened in various areas, including auto-grade steel, components, and tires, and is now shifting from conventional internal combustion engines to electric vehicle (EV) battery-based systems.
Ludhiana: Having already made a mark in the manufacturing of bicycles, garments, auto parts and sewing machines in the world, Ludhiana has taken a lea.