UNO Minda's stock rises due to limited international exposure

UNO Minda's stock has risen due to its limited international exposure amid global trade tensions. The Indian auto industry grew modestly by 7% in late 2024, with electric two-wheeler registrations up 37%. However, the overall growth was hindered by weak passenger and commercial vehicle sales. The company reported a 45% increase in EV sales, driven by low-voltage components for two-wheelers. Despite this growth, EVs still represent less than 6% of total revenues. UNO Minda's expansion plans and a joint venture with Inovance aim to enhance its EV offerings. While the broader auto sector faced challenges, UNO Minda achieved 18.8% revenue growth. The company is expanding capacity with new plants and a merger, but rising costs and debt remain concerns. Despite these challenges, operational improvements may support long-term margin growth.