Delayed EV volume ramp-up
EV transmission volumes have been rangebound due to extended development cycles at Tata Motors; capacity utilization remains low at 25-30%.
Divgi Torqtransfer Systems · Material risks, their source context, and severity in the latest available quarter.
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EV transmission volumes have been rangebound due to extended development cycles at Tata Motors; capacity utilization remains low at 25-30%.
The company is setting up a US subsidiary with an initial investment of ~₹3 crore, but faces cultural adaptation and market penetration challenges.
The EV transmission market is highly competitive with players like Mahindra's multinational tier-1 supplier and MG Motors; gaining market share may be challenging.
A significant portion of revenue comes from Mahindra and Tata Motors; any slowdown in their production or shift in sourcing strategy could impact Divgi.