Sitting lower on the automotive value chain, component makers are enabling innovation and growth By Poonam Upadhyay, Director, Crisil Ratings Limited A quiet revolution is underway in India’s thriving automotive sector as vehicles become increasingly sophisticated and supply chains more globalised. At its heart are the country’s auto component makers, who have emerged as a […]
Tyre makers are likely to see revenue growth of 7-8% this fiscal, driven by a 3-4% increase in both realisations and volume. Revenue will grow in single digit for the second straight year (albeit nearly double that of last fiscal) and after logging a compound annual growth rate of 21% between fiscals 2021 and 2023. […]
Improved asset quality to support profitability amid NIM compression The vehicle financing assets under management (AUM) for non-banking financial companies (NBFCs) are poised to surge to Rs 8.1 lakh crore by March 31, 2025, from Rs 5.9 lakh crore as on March 31, 2023, marking a compound annual growth rate (CAGR) of ~17% (see chart […]