Driven by strong growth across product segments, overall export volumes grew by ~29% during 9MFY2017. TBR imports: Chinese tyres get an ADD/CVD reprieve from United States International Trade Commission; tyre imports to India likely to […]
Demonetisation to impact CV sales in the near-term as fleet operators likely to put new vehicle purchase on hold Demand for trucks has fallen by 15-30%; Market load operators have hit the most owing to […]
Entry segment two-wheeler’s near term growth momentum may be impacted by the ban on high denomination notes: ICRA The recent move by the Government of India to ban the legal tender character of the high […]
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 […]
Over the next three years, ICRA expects the domestic tyre demand to report a 6-7% volume growth, supported by a broad based revival in Automotive OE demand. Pick up in rural expenditure with good monsoon […]
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 […]
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