Suprajit Engineering, a maker of cables for automobile companies, may continue to outperform peers given its global reach and improving share of the electric vehicles (EVs) in revenue. Kongsberg caters to the leading automakers such Fiat, Land Rover, Honda and Husqvarna while Suprajit supplies parts to BMW, Volkswagen, Ford and GM. For instance, EV cars will have charging flab cables while the cable of the fuel lid will have lesser demand. Suprajit’s revenue contribution from EVs is expected to rise to nearly 22% in the next three years compared with 5% currently. The premium may sustain given a recovery in global production and consolidation of vendors as major manufacturers tend to rely on a select few suppliers with strong financials, product quality and global scale.

Source: Economic Times November 25, 2021 10:36 UTC