Page 4 - Auto Components

Lower raw material cost to help tyremakers amid economic slowdown

Higher share of replacement segment should help cushion demand drop

Tata Motors, M&M, MG Motors face supply issues from China over coronavirus

Tata Motors, Mahindra and Mahindra (M&M) and MG Motor India on Sunday said they are facing challenges in terms of component supply from coronavirus hit-China. M&M has reported a 42 per cent decline in total sales at 32,476 units in February. "...because of the unforeseeable challenges on the parts-supply from China, our BS VI ramp-up has been affected," Veejay Ram Nakra, Chief of Sales and Marketing, Automotive Division, M&M Ltd said in a statement. This has resulted in high de-growth in billing volume for February and dealer inventory is now under 10 days, he said. "Going into March, we anticipate the challenge on parts-supply to continue for another few weeks, before we get back to normalcy," he added. Girish Wagh, President, Commercial Vehicles Business Unit, Tata Motors Ltd said the outbreak of Covid-19 in China and a recent fire incident at one of its strategic vendors affected the vehicle production and wholesale volumes. MG Motor India too reported lower retail ...

Higher import duty on auto components likely to increase burden of industry

Industry sales have sagged for about 18 months and prices were anyway rising with the compulsory nationwide switch to the stiffer BS-VI emission standards by April 1

Online sales of automobile components steal a march over offline sales

The major factor contributing to the rising sales of auto components online is the availability of all categories, including car and bike accessories/components on a single platform

Slowdown-hit auto components' outlook revised from stable to negative: Icra

Further, liquidity issues across the aftermarket dealer channel have led to de-stocking, curtailing fresh demand from component manufacturers, it added

Auto components get public utility status in TN, workers can't go on strike

Move follows a spate of unrest at various component making units; unions plan to oppose the decision saying it infringes on workers' rights

Auto components industry growth to moderate to 10-12% in FY20

The weak rupee alongside pressure on commodity prices will impact margins

PE/VC investments in auto components hits all-time low in 2016

Investors exited with $1.35 billion in 2016, for the first time crossing the billion mark in last six years

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