We recently met the management of Wabco India (WIL) to deepen our understanding of its business. According to the management, there could be a sizeable (~| 3000 crore) growth opportunity if the government mandates the implementation of anti-lock braking systems (ABS) on the existing 2.5 million vehicles, which are plying on Indian roads. The company expects to gradually benefit from increasing its content per vehicle (CPV) partly driven by safety legislations. On the export front, its parent will continue to focus on increasing its sourcing from low cost...