 "Solicitor General Tushar Mehta, appearing for the Centre, said he had sought a meeting with the RBI. The Bench said if the RBI reply ‘goes much beyond the query posed by us, there will be a lot of opinions on it’")
The stock of Endurance Technologies has gained 56 per cent since its lows in April on the back of expectations of a faster recovery in two-wheelers, new order wins, and market share gains. Further, two European acquisitions in the June quarter would enable it to enter the higher-segment bikes space and expand its client base.
The immediate trigger has been the recovery in rural incomes, which, coupled with the need for personal mobility solutions, should boost demand for the two-wheeler segment. Endurance, which supplies braking, transmission, and suspension parts to two- and three-wheeler makers is expected to benefit from this trend.
Sales
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