The two wheelers segment has seen a V-shaped recovery. One of the beneficiaries of this recovery is Endurance Technologies, an auto ancillary company catering to two wheelers.
Endurance Technologies generates most of its revenue from this segment and has a strong position due to technologically advanced product range. The company has also received new business worth Rs 360 crore per annum in H1FY21 in India.
Moneycontrol.com’s Nitin Agarwal explains why Endurance Technologies is one of the best proxy to play the growth in the two wheeler segment.