Motherson Wiring shares can rally up to 22%: Nomura

Nomura says that wiring harness (WH) content in vehicles experienced a significant increase, from approximately 2.5% previously to about 4.5% at present. This rise has driven an impressive 10% revenue compound annual growth rate (CAGR) over the past decade, despite only a 2% CAGR in OE car sales volume

from Economic Times https://ift.tt/bcl6Lm8