There has been a recovery in tractor volumes across most large tractor markets with the exception of Northern region, with a pan India growth in volumes of 13.5% during April – July 2016 over the […]
ICRA expects tractor volume growth to remain at moderate levels with a growth of about 6-7% in FY2017. On the long term front, ICRA continues to maintain a volume CAGR of 8-9% for the industry […]
With major cities in India struggling with severe air-quality problems, steps are being initiated to curb rising vehicular pollutants. The National Green Tribunal (NGT) has recently directed Delhi’s Regional Transport Office to de-register all diesel […]
Scooters help industry post low single-digit growth while motorcycles de-grow Highlights: Scooter volumes, despite starting the year with a low growth pace, gained traction from Q2 FY2016 onwards and grew at a healthy pace of […]
ICRA expects the Indian auto-component industry to gain momentum and register growth of 8-10% in the next fiscal (FY2017e). M&HCV demand is likely to stay robust but slow down to 13-15% given the increased base […]
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 […]
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