Original Equipment Manufacturers focus in India on expanding their EV footprint which is reflected in 80% of their Capex in the next 3 years. Ind-Ra in a statement said that the Median Net leverage was 0.2x and median CFO/Capex ratio was 2.13x during 1HFY25. Although, agency said that actuals will be dependent on growth in demand and support in the form of government subsidies.
Premium Content Access
This content is available exclusively to our paid subscribers. Please login to enjoy full access. If you’re interested in subscribing to access our premium content, please contact us at support@omnicoreplus.com.
