The domestic auto component industry is expected to grow by 9-11% during FY2018e driven by robust growth in domestic passenger vehicles (PV) and two-wheelers (2W) segment as well as stable replacement demand. The revenue growth […]
The two wheeler segment is on a demand recovery path after encountering bumps in the past five months due to post-demonetisation liquidity crisis; and inventory correction measures undertaken by OEMs for the transition from BS […]
The recently finalised Goods and Services Taxes (GST) for the tractor industry is largely in line with expectations and the overall tax incidence for the industry remains neutral. While tractors are exempt from excise duty, […]
Domestic CV industry growth has moderated from 11.5% in FY 2016 to 3.5% in 11m FY 2017 M&HCV (Truck): Likely to witness 6-8% growth in FY 2018 vis-à-vis flat sales in FY 2017 […]
· Tractor volumes in domestic market reported a positive growth trajectory during current fiscal (growth in volumes of 18.2% in 10m, FY2017 on a YoY basis) fuelled by favourable farm sentiments as southwest monsoon performance […]
· As per ICRA, the total inventory of CV OEMs is estimated to have been approximately 74K units, which is around 1.3x the average monthly sales · Within the M&HCV (Truck), the growth has […]
Demonetisation and the resulting liquidity crisis resulted in volume compression of 11.3% during Nov’16-Jan’17 over the corresponding previous. Furthermore, with BS-IV emission norms coming into effect from Apr’17, there have been some inventory correction taking […]
Steady increase in commodity prices a concerning factor for auto component industry profitability Demonetization impact short lived; industry to recover fully by March 17 PV and M&HCV production grew by 11.8% and 4.2%, respectively despite […]
After a healthy growth in the first quarter, the commercial vehicle (CV) industry suffered due to weak replacement demand and deferment of purchase by fleet operators on uncertainty related to impact of GST on vehicle […]
ICRA expects market potential for the domestic turbocharger industry market to grow to Rs 2,600-2,800 crore by FY2020, registering CAGR of 14% during FY16-FY20. While volume growth could be modest at around 8-9% CAGR, value […]
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