Shares of auto component maker Endurance Tech are surging, driven by ambitious turnover targets outlined in an investor presentation on June 13.
As India’s largest aluminum die-cast manufacturer, Endurance Tech aims to increase the four-wheeler segment’s contribution to consolidated turnover from 26 percent to 45 percent by FY30. The company also plans to enter new product categories in the four-wheeler space through alliances or acquisitions in India and Europe. In the EV sector, Endurance plans to expand its order book in both Europe and India.
The company intends to enhance its offerings in aluminum die casting, forging, embedded electronics, and driveshafts. Endurance aims to capitalize on its leadership in the two and three-wheeler markets while expanding its presence in the four-wheeler sector.
For its EV plans, Endurance aims to partner with major OEMs and new entrants, launching EV-centric products and expanding its impressive EV order book in Europe and India.
Shares of Endurance Tech have risen 35 percent in the past month. The company also plans to increase its aftermarket segment turnover to 10 percent by FY28, up from the current 6 percent, in both India and Europe. Endurance Tech is focused on achieving profitable, sustainable growth that outpaces the industry.
