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80% market share, 40% ROCE: How an IIT Bombay-incubated company built an auto-tech moat

Posted on August 8, 2026
By Financial Express
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1 min read

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80% market share, 40% ROCE: How an IIT Bombay-incubated company built an auto-tech moat

An IIT Bombay-incubated auto-tech company built a software moat instead of a manufacturing edge. With 80% market share in a niche segment and a 40% ROCE, can it sustain its premium valuation?