Pix transmission results are bit surprising… after the capacity expansion was not expecting a yoy and qoq decline in profits… there seems to be some demand or competition issue here. Just googled generally and found out that EVs don’t need belt… disclosure: holding…
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EVs use belts unlike the ICE 2 wheelers which use chains. Personally, I have seen this in Ather EV 2 wheelers, here belt is not from PIX though. Which resource from your general googling suggested that EVs dont use belt? Please share.
Chain drive VS Belt drive:
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I read it here:
Electric Car Maintenance: What Fluids Does Your EV Need?.
But specific to pix last quarter results (in case you are tracking) any reason for yoy and qoq decline despite all the hype around capacity expansion successfully completed couple of months back…
Thanks for information.
However, pix has just 30% revenue from OEM
One reason for decline that I am able to pin down is general slowdown in export markets and resultant de-stocking there, which is visible across couple of other sectors such as chemicals…
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Can someone share contribution to revenue from Agri,Textile and Industrial segments? @Harsh_Mulchandani