Minda Industries Ltd (MIL) is a diversified auto ancillary supplier, manufacturing products such as switches, horns & lights. MIL holds a leadership position in switch business with a market share of 67%. MIL's diversified portfolio in the auto component has led the revenue to grow by 8%YoY. This was largely on account of demand for superior product related to BS-VI vehicles. Enhanced safety features and premiumisation of vehicle will further lead to value migration and higher kit value per vehicle for...