Motherson Sumi Systems Rating: Buy- Firm well placed to gain from any auto revival.

Given the recent correction in Motherson Sumi Systems, we upgrade the stock to Buy (from ADD). We believe the company is well-placed to capitalise on the recovery in auto demand and improvement in chip supply from H2CY22e onwards. The company is well-poised to benefit over the medium term from increase in electronics content per vehicle in passenger vehicles, strong relationship with OEMs, shift towards electric vehicles and consolidation of suppliers, especially in the plastic component industry globally.

Leer articulo completo 👉Motherson Sumi