Rating agency Icra revised downwards the revenue growth forecast for the auto components industry in the current fiscal to 15-17 percent.
Tag: auto components industry
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Auto part makers all set for the Components Show
The show will display an exclusive collection of components and technology from over 1,200 participants. This year, the auto components industry is gearing up for the 14th edition of India’s biggest automobile component exhibition show. The Auto Expo-Components Show will be held between February 8 to February 11, 2018 at Pragati Maidan, New Delhi.
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Change: Need of the hour for auto components industry
As Indian automobile industry develops and modernises, there are tremendous opportunities opening up for the bearings industry. Rohit Saboo elaborates…
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Auto components industry
According to ICRA report, auto component industry margins expand on commodity support despite the weak top line momentum. ICRA’s study of 48 publicly listed auto ancillaries reveal commodity linked margin expansion which has eclipsed pain of slow growth for the auto component industry in the current fiscal. The sample of 48 listed companies constitutes around 25 per cent of auto components industry’s turnover.