This story examines the evolution of a commercial vehicle-focused auto ancillary that has steadily expanded beyond its traditional products. It has built manufacturing scale while also adding software, engineering services, and digital solutions. The revenue mix shows a balance between OEM supplies, exports, aftermarket, and services, reducing reliance on any single segment. A key theme is the rise in content per vehicle, driven in part by electrification. While tariffs put exports under pressure, the company continues to invest in R&D and capacity. Technology depth, EV exposure, and system-level offerings are reshaping its long-term positioning.
