30%+ YoY growth in aftermarket business
Expected: OngoingHIGH confidence
What: Expansion in distribution network and product portfolio driving strong aftermarket growth
“During the quarter under review, our aftermarket business, which is operated under a wholly owned subsidiary called Elpis Automotive delivered over 30% year-on-year growth, which was primarily driven by the expansion in the distribution network, increase in the product portfolio offered to all the distributors and strong brand visibility.”