WIL technological advantage in the CV segment will provide significant growth and will results in better bargaining power with the original equipment manufactures (OEMs). Government's impending scrappage policy expected in FY21 will spur additional demand in the CV sector. WIL holds 85% market share in the air braking systems of CV. We expect the revenue and PAT to grow by 15%/26% CAGR over FY20-22E owing to its higher participation in the segment....