Strategic efforts are bearing fruits for Shivalik Bimetal Controls, particularly in the European market. Expansion in other high-growth markets and the rising long-term demand for electric vehicles position the company for significant growth. Both the shunt and bimetal businesses are operating at around 40 percent capacity, highlighting a significant room to expand. As the North American market recovers and demand rebounds, Shivalik is poised to capitalise on emerging opportunities and drive sustained growth. The company has an overall revenue potential of Rs 1500-1600 crore at peak utilisation
first published: Dec 3, 2024 10:49 am
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