Articles
Quarterly Investor Calls
ITUS Long & Short
ITUS Snippets
Articles
Quarterly Investor Calls
ITUS Long & Short
ITUS Snippets
by Rajkumar S
February 14, 2025
Investing in growth in the public markets
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India’s automobile industry stands as a global powerhouse, contributing 7.1% to the nation’s GDP and 49% to manufacturing GDP, while employing over 37 million people. With its position as the largest producer of three-wheelers, the second largest in two-wheelers, and third in passenger cars, India is a pivotal player in the global auto landscape. Additionally, the country is a key export hub, with two-wheelers alone accounting for 40% of total vehicle exports in 2023, growing by 25%.
The sector’s growth is fuelled by urbanization, rising incomes, and government initiatives like the Production-Linked Incentive (PLI) Scheme and the Vehicle Scrappage Policy. The spare parts industry also plays a vital role, with a turnover of $69 billion in FY22, projected to reach $100 billion by 2026.One of the most exciting opportunities lies in the rise of electric vehicles (EVs). In the two-wheeler segment, the adoption of EVs is accelerating, driven by rising fuel prices, environmental concerns, and attractive government incentives. This segment represents a transformative shift toward sustainability and innovation, providing long-term growth prospects. India’s two-wheeler sector is pivotal for affordable and mobile transportation in a growing economy. In 2023, two-wheelers made up 40% of vehicle exports, showcasing India’s global market strength.
At ITUS, we are strategically positioned to capitalize on these trends. Our portfolio includes investments in leading two-wheeler OEMs and ancillaries, reflecting our conviction in the segment’s sustained growth. With rural demand now outpacing urban for the first time in two years, and a strong push toward premiumization and electrification, our exposure remains in two-wheeler and ancillaries with rural recovery as the theme.
The recording of our Annual Call is attached for your kind reference, You may listen to it at your convenience.
Itus Capital Annual Investor Call Recording 2024
Stay tuned for more detailed insights over the next few weeks, into our portfolio’s earnings and the themes driving our investment decisions.
We also keep writing to you about our SIP program that presents investors with a convenient avenue to regularly infuse capital into the client’s portfolios. Feel free to check out the benefits for your clients. If you need more info, reach out to your dedicated relationship manager at [email protected]
These weekly episodes are now available in our website for your quick read and you may access the same in the below link.
