Higher Content per Vehicle: H-One's BIW, welding and structural capabilities can shift Belrise towards higher-value structural products, with potential to increase 4W content per vehicle by ~60% to Rs 15,000. Strong 2W Franchise: Belrise holds ~24% share of India's two-wheeler metal components market, while the domestic market is expected to grow at 1113% CAGR through FY30, providing a strong structural growth runway. BadveEximius Merger; Earnings Accretive: The merger could increase 2W/3W plastics market share from ~10% to ~25%, raise content per vehicle from Rs...