Bags USD50m in EV platform orders in 9MFY22 in its India operations BHFC's had a decent performance in a tough quarter, despite an impact from semiconductor shortages and steep RM cost inflation. While all core businesses are seeing a sharp cyclical recovery (except India Tractors), BHFC's initiatives to diversify into aluminum/light-weighting and EV components have started to fructify. We lower our FY23E consolidated EPS estimate by ~5% to factor in a weak India Agri outlook and continued impact of semiconductor...