Market share gains in India, Europe positive for Endurance Technologies

Consistent growth in the Indian two-wheeler and European car markets is key

Demand uptick from passenger vehicles and two-wheelers, market share gains in India and European operations, and an improved mix helped Endurance Techno­logies outperform peers, as well as analyst expectations in the December quarter. The company posted 24.4 per cent YoY sales growth, among the highest in larger listed auto component companies.

Higher content per vehicle and increasing orders from the existing, as well as new customers, led to the volume and sales outperformance. What stood out were the new order wins over the past nine months of Rs 440 crore, which is about 10 per cent of current sales.

The new orders