Despite higher commodity prices, operating leverage from healthy volumes support industry performance The Rs 2.90 trillion (FY2017) domestic auto component industry is expected to grow by 9-11% during FY2018e, driven by robust growth expectation in […]
Pent-up demand post GST to support recovery The domestic Commercial Vehicle (CV) industry ended the Q1 FY 2018 with a contraction of 9% in unit sales primarily led by sharp decline in sales of medium […]
The domestic passenger vehicle (PV) segment registered a healthy sales growth rate of 9.20% as volumes crossed 3 million mark for the first time during 2017. According to rating agency, ICRA note, sales recovered handsomely […]
Car transmission can be broadly classified as manual transmission (MT) and automatic transmission (AT). With the Indian market being highly price conscious, it has primarily relied on manual transmission owing to lower cost (both upfront […]
In ICRA’s view, the Supreme Court’s decision to lift the ban on diesel vehicles (with engine size above 2,000 cc) in the Delhi-NCR region is a positive for automobile OEMs, especially with presence in the […]
Mr. Subrata Ray, Sr. VP, Co-head, Corporate Sector ratings, ICRA Ltd commented on “Brexit impacts on Auto Industry” The EU today accounts for ~35-40% of auto component exports from India, which could potentially be impacted by […]
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