World’s Number One Auto-Parts Maker to Get Boost From Regulation
- Minda Industries returned 107% to investors over 5 years
- India government making airbags, parking sensors compulsory
Shares of the components manufacturer, which supplies to companies including BMW, have climbed 114 percent in the past year and offered annualized returns of 107 percent over five years.
Photographer: Graham Crouch/Bloomberg
Minda Industries Ltd., the Indian vehicle-component maker that’s seen its stock climb the most among peers in the past five years, is expected to benefit from tightening safety regulations in one of the world’s largest automobile markets.
Shares of the components manufacturer, which supplies to companies including BMW and local car market leader Maruti Suzuki India Ltd., have climbed 114 percent in the past year and offered annualized returns of 107 percent over five years. Safety norms that go into effect next year will boost the company’s performance, said Ashutosh Tiwari of Equirus Securities Pvt. Ltd., who is the top-ranked analyst for Minda, according to data compiled by Bloomberg.