I am not sure if it will take few years, they took 1 year + to perfect their EV, the current release is to expedite EV sales , where porter is connected with over 7 lac drivers and they will educate them for cost benefits of EV over traditional fuel sources + government incentives (if any), so essentially they have tied up with one of the most relevant and single source large distributor for sale of EV. If the execution is good, this can scale up real quick. As for the rest of the business, they are acquiring train manufacture in Spain and possible focus on railway in upcoming budget, business should do really well from here on and valuations have come down significantly. 425 should hold but in such markets it is anybodys guess. Beauty is where there is value buy people will contemplate business. For some businesses at certain price risk reward becomes so favorable that it addresses some time lag in business / inefficiencies. My 2 cents
7 Likes