ICRA expects the domestic CV industry’s wholesale volumes to witness a nominal YoY growth of 0-3%…
Tag: ICRA
Indian CV Industry expected to grow by 7-10% in FY24: ICRA
ICRA expects the Indian commercial vehicle (CV) industry volumes to grow by 7-10% in FY2024, supported…
Auto component replacement demand to grow at 6-8% in FY24: ICRA
ICRA estimates that the average age of M&HCVs had increased to almost 10 years, while the…
Demand for auto components to remain buoyant : ICRA
The operating margin for component manufacturers (excluding tyres) is likely to return gradually to pre-Covid levels…
Airbag market reached to reach Rs. 6,000-7,000 crore by FY2027: ICRA
The mandatory content per vehicle for airbag manufacturers is expected to rise from Rs. 3,000-4,000 currently…
CVF Off-Highway – Putting CE and allied segments under the spotlight
The premium conference held in New Delhi brought together 250+ senior level executives as attendees, 40+…
PHDCCI brings electric vehicles into the limelight
Experts suggest that a mix of EVs, hydrogen and CNG vehicles could provide clean transport to…
Construction Equipment sector outlook revised to ‘stable’
Heightened focus on infrastructure spend, particularly in the road infrastructure segment, has led to a sharp…
Budget cuts by States to adversely affect construction contractors in FY2021: ICRA
Projects dependent solely on State budgetary allocations likely to witness elongation in receivable cycle and slower…
ICRA welcomes cut in corporate tax rates
Globally competitive tax rates will incentivise local manufacturing while OEMs will offer price cuts to spur…
INDIAN AUTO COMPONENTS aggregate revenues likely to grow 10-12% during 2018-2022: ICRA
The Indian auto component industry has grown at a healthy CAGR of around 8.3% from FY2014…
Indian auto component industry to clock 13-15% growth in FY2018
The demand for auto components from domestic original equipment manufacturers (OEMs), especially the high volume two-wheeler…
Recent changes in proposed scrappage policy to have limited impact on CV sales: ICRA
The much-awaited vehicle scrappage policy recently received in-principle approval from the Prime Minister’s office (PMO) and…
Tyre industry to grow 8-10% in FY2018 driven by improving demand, rising exports and low imports
The Indian tyre industry is expected to post a higher volume growth of 8-10% for FY2018.…
Tyre industry in sweet spot with favourable demand prospects: ICRA
The domestic tyre industry is expected to post a volume growth of 7-8% to almost 1,805…
Auto component industry to grow 9-11% in FY18: ICRA
The Rs. 2.90 trillion (FY2017) domestic auto component industry is expected to grow by 9-11% during…
Domestic CV industry to grow by 6-7% in FY 2018: ICRA
Pent-up demand post-GST and replacement cycle to drive sales Domestic commercial vehicle sales seem to be…
Anti-dumping duty on Chinese tyre imports to boost local product demand: ICRA
The Government has re-imposed anti-dumping duty (ADD) on import of new Chinese truck and bus radial…
Pre-buying ahead of BS IV remains key demand driver in the current quarter: ICRA
After a healthy growth in the first quarter, the commercial vehicle (CV) industry suffered due to…
BREXIT unlikely to have a major impact on Indian Auto Component Manufacturers – ICRA
While EU accounts for almost 36% of India’s auto component exports, the share of UK in…
Auto component sector to register 8-10% growth in FY2017: ICRA
ICRA expects the Indian auto component industry to gain momentum and register a growth of 8-10…