The sector, which had a production loss of about 750,000 units, currently has unsold inventory worth Rs 20,000 crore
Components makers are reinventing their business to transform and survive in a post-Covid world
Supply chain glitches and unavailability of labour also a deterrent
Replacement market helped battery makers do better than other segments in the June quarter
Component manufacturers are grappling with the fallout of slowing passenger and commercial vehicle sales
This comes on the back of international car makers' increasing activity in Gujarat