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    EV ecosystem is equally important if not more: 4 auto ancillary stocks with upside potential of up to 32%

    Synopsis

    It might surprise some, but years before a new car or motorcycle is launched, automakers go in huddle with their backend supplier to finalize the supply chain management of components which will go in that new car or the bike. Until the component supply chain is not planned and perfected, things are not taken forward. Such is the importance of the backend component supplier which are more commonly known as auto ancillary units. Now there is a major transition taking place in the Automobile sector with EV coming close to that inflection point. So a transition is bound to take place in the auto ancillary sector.

    While the whole focus of transition to EV space has been on auto companies. The fact is that any auto company cannot make a successful transition till the time its own supply chain, which essentially are auto ancillary companies which supply components to that automakers make that transition. There were some players who were quick enough to understand and started work on this year's back. Infact many auto ancillary players had started this
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