Minda Corp. is a leading auto component company with good track record for execution and quality management. The increased emphasis of auto companies for higher safety standards, infotainment and superior interiors benefits the company through higher content per vehicle. The transition to BSVI has increased value of components particularly in the wiring harness supplied for 2 wheelers, Export opportunities may open up as OEMs seek non-Chinese suppliers. The transition of the auto industry to EVs is very beneficial to the company with supplies to existing e2-wheelers having already commenced. Excellent long term prospects, exceptional near term performance and strong order book position, increased content per vehicle lead us to over weight rating
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