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Red Sea crisis: Auto component industry to see moderate growth this fiscal: ICRA

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Red Sea crisis: Auto component industry to see moderate growth this fiscal: ICRA

The Red Sea crisis is likely to impact the margins of the auto component industry over the next few quarters amid higher container rates and shipping time, credit ratings agency ICRA said on Thursday, projecting a moderate growth for the industry this fiscal. Close to two-thirds of the auto component exports are made to North … Read more

Revenue growth of auto component industry to moderate to 5-7 pc in FY25: Report

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Revenue growth of auto component industry to moderate to 5-7 pc in FY25: Report

Annual revenue growth of leading auto component manufacturing companies will come down to 5-7 per cent in the next fiscal due to moderation in domestic volumes and a drop in exports, rating firm Icra said on Tuesday. According to Icra estimates, its sample of 45 auto ancillaries, with aggregate annual revenues of Rs 2.7 lakh … Read more