Page 4 - Auto Components

Minda Corp forms JV with China's SBHAP for plastic auto parts

The JV, Minda China Plastic Solutions Ltd will focus on manufacturing interior plastic products of Minda KTSN in China

New tech in automobiles a boost for component makers

Anti-pollution and safety measures to benefit Wabco & Bosch, Ramkrishna Forgings

Auto component exports see first fall after 5 years

The industry is also worried about rising imports. India is a net importer of these components and these grew 1.8% to $13.8 bn in 2015-16

Rise in auto sales bring back growth prospects for components industry

ICRA expects the industry to clock 8-10% growth for FY17

Auto component industry may grow 8-10% next year

Medium and heavy commercial vehicle segment likely to stay robust but slow down to 13-15% given increased base in FY2016