Auto ancillary: More clarity to emerge on winners of EV ecosystem, 5 auto ancillary stocks with an upside potential of up to 40%

As large auto companies get more open about their EV plans and launch more EV models, clarity is emerging even in the auto ancillary space. The auto ancillary companies which have been able to evolve to stay relevant for the EV eco system are showing better numbers. This process will take some time because some segments of the auto industry have not seen the launch of an EV product at scale. For example, in the case of two wheelers, while scooters have range, EV bikes are yet to come. But given the fact that a fresh push is coming from the policy side, the pace of change is likely to get faster.