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    Some are transforming better than others to stay relevant in the EV space: 6 auto ancillary stocks with upside potential of up to 31%

    Synopsis

    There has been a transformation going in the automobile sector and its supply chain, the auto ancillary industry. Now a number of the large auto companies have been re-rated in the last one year. But the re-rating of the auto ancillary unit has been slower, for a valid reason. These auto ancillary units are dependent on their main buyers. So, for an auto ancillary company which has been supplying to TVS, Tata motors the process of transformation started a long time back but for some other where the major buyer has not even launched a single EV model, transition has been slower. But the biggest factor which distinguishes a winner and laggard in the auto ancillary industry is how proactive the management has been. We take a look at 6 stocks from auto ancillary space. Where either they are a literal monopoly in their segment or they have been focussing on EV much earlier or have been sharp to react to changing market conditions.

    Auto ancillary space which has been going through a transformation. In this space the companies and their management can be divided into 4 categories, first players who were quick enough to understand and started work on this year's back. Infact many auto ancillary players had started this process even before auto majors announced their intentions. Second, companies which were late due to a valid reason, because they were dependent on the
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