ICRA expects the revenue growth of the Indian auto component industry (represented by a sample of 46 auto ancillaries with aggregate annual revenues of over Rs 3,00,000 crore in FY2024, accounting for close to 50% of the industry) to ease to 7-9% in FY2025 and 8-10% in FY2026, from the highs of ~14% in FY2024. […]
Rubix Data Sciences, a technology and analytics-based B2B risk management and monitoring platform provider has released its latest report Rubix Industry Insights – Automotive Components.The automotive components industry’s revenue is expected to cross USD 80.1 billion in FY2025, growing at 8% CAGR since FY2020. At present, its exports have touched ~USD 21.2 billion having grown […]
Automotive Component Manufacturers Association of India (ACMA), the apex body representing India’s Auto Component manufacturing industry has announced the findings of its Industry Performance Review for the first half of fiscal 2024-25. The turnover of the automotive component industry stood at Rs.3.32 lakh crore (USD 39.6 billion) for the period April to September 2024, registering […]
Driven by a strong product mix, Wheels India has registered a 64.3 % rise in its Net Profit for Q4 ended 31st March 2024 at Rs.36.8 crores compared to Rs. 22.4 crores registered in the corresponding quarter of the previous year. The company registered revenues of Rs. 1167 crores for Q4 ended 31st March 2024 […]
Arthur D. Little, the world’s oldest management consulting firm, has released a new report titled “Transforming India into a Global Automotive Hub: Roadmap for the Automotive Ecosystem”. The report explores the key areas of automotive value creation in India, such as becoming a destination for global platforms, achieving global scale in software and ER&D, striving […]
A new investment will strengthen India’s efforts towards self-reliance in manufacturing, while boosting skilled job creation, exports, and sustainable growth, with IFC’s support to leading tyre manufacturer, JK Tyre & Industries Ltd. IFC’s $30 million (about INR 240 crore) investment in JK Tyre & Industries will part-finance the expansion of manufacturing capacities and integrate advanced, […]