Search+Intelligent InvestingRepresentational image.SynopsisThis supplier is one of those businesses that grows quietly until it suddenly makes several big decisions at once. In a short span it has sold its 50% stake in a JV for Rs. 100 crore against a Rs. 48.5 crore investment, signed a technology partnership to upgrade its product, and laid out a restructuring that reshapes the entire group. Underneath is a decades-old operation that ships hundreds of thousands of parts a day to India's biggest carmakers, with products that survive the shift to EVs. The question is whether all these moves point in one direction or pull apart.Some companies change slowly, one careful step at a time. This one seems to have decided to change everything at once. In the space of a few months it sold off a long-running partnership for roughly double what it had invested, tied up with a global firm to upgrade the product it is best known for, redrew its group structure, pushed harder into the spare-parts market, and repositioned a battery business towards energy storage. In the 64 ETMarkets.com 34 mins readJul 01, 2026, 07:21:00 PM ISTGift this Story to your friendsFONT SIZEAbcSmallAbcMediumAbcLargeSAVEPRINTCOMMENTContinue reading with one of these options:Limited AccessFreeLogin to get access to some exclusive stories & personalised newslettersLogin NowUnlimited AccessStarting @ Rs120/monthGet access to exclusive stories, expert opinions & in-depth stock reportsSubscribe NowETUh-oh! This is an exclusive story available for selected readers only.Worry not. You’re just a step away.What’s Included withETPrime Membership