Page 5 - Auto Components Industry
Auto component sector FY21 revenue may fall 14-18% over weak demand: ICRA
ICRA expects recovery of the auto components sector to be gradual and slow-paced, with the industry pinning hopes on revival in rural income to support growth in the festive season and thereafter
 "Auto component sector FY21 revenue may fall 14-18% over weak demand: ICRA")
Covid-19 pandemic a big blow for auto-component SMEs: CRISIL SME Tracker
The nationwide lockdown imposed till April 14 has brought production to a standstill, and will hurt even more if it is extended.
 "Covid-19 pandemic a big blow for auto-component SMEs: CRISIL SME Tracker")
Coronavirus supply chain shock for auto component sector, says ICRA
The COVID-19 supply chain disruptions will manifest into a demand shock lasting multiple quarters for the domestic industry, ICRA said in a statement.
 "Coronavirus supply chain shock for auto component sector, says ICRA")
Auto slowdown, uncertainity forces component industry to cut down capex
The component manufacturers have found themselves fighting the downturn with lower utilisation of existing capacity
 "Auto slowdown, uncertainity forces component industry to cut down capex")
Govt intervention needed to save auto component sector jobs: ACMA president
Leading industry body head says the govt should intervene with measures like cutting the GST rate to 18% across the entire auto and auto component sector
 "Govt intervention needed to save auto component sector jobs: ACMA president")
Auto component industry likely to grow at 10-12% CAGR in long term
Riding strong volume growth across automotive segments, the Indian auto component industry grew by 13 per cent during FY18
 "Auto component industry likely to grow at 10-12% CAGR in long term")
Auto components industry grows by 14% to about Rs 3 lakh crore
The market segment was 'a silver lining' growing at 25.6 per cent
