The stock of India’s largest automobile component maker for two-wheelers, Endurance Technologies, has gained 16 per cent over the last month on expectations of improved volumes, regulatory changes, premiumisation of two-wheelers, and strong March quarter performance. The immediate trigger is the regulatory changes by FY19. The ministry has made it mandatory for all motorcycles and scooters to have combined braking system (CBS) and anti-lock braking system (ABS) by FY19. While all new launches will have to have ABS from April 2018, existing models will need to be upgraded to this ...
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