Hulk
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Correct, as we progress we will move up the value chain.For the Bharat Forge's case, yes, but TATA's, Mahindra's case no. They may have gotten some help, whether that's consulting, buying out factories/companies, whatever, but they're trialing and validating their own IP.
Some fools here are laughing not know these players have only gotten into the game very recently. They're producing products from the ground up now. BF is mostly going off of outside designs that's already tried and tested, which is totally fine for just getting into this space.