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Demand uptick from passenger vehicles and two-wheelers, market share gains in India and European operations, and an improved mix helped Endurance Technologies outperform peers, as well as analyst expectations in the December quarter. The company posted 24.4 per cent YoY sales growth, among the highest in larger listed auto component companies.
Higher content per vehicle and increasing orders from the existing, as well as new customers, led to the volume and sales outperformance. What stood out were the new order wins over the past nine months of Rs 440 crore, which is about 10 per cent of current sales.
The new orders
