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This auto empire 'Built by family' faces the EV 'test'.
May 27, 2026
Economic Times

This auto empire 'Built by family' faces the EV 'test'.

This auto parts maker, once a bicycle maker, faces a big challenge with electric vehicles. Its main business dropped 5% last year, but a growing subsidiary in wind and defence helped. Investors wonder if it can lessen its reliance on one big customer and if the new areas can truly drive future earnings.