Industry News

Indian Auto Comp Industry set to cross $ 80 bn revenue in FY2025, up from $ 49.3 bn in 2020

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 […]

tyres

Tyre makers brace for second year of single-digit revenue growth

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. […]

Logistics

iThink Logistics ends FY24 with INR 104 crore revenue

Capping off a brilliant year, the company is eyeing expanding its international revenue share for FY24-25 iThink Logistics, a Mumbai-based integrated logistics and supply chain solutions, has announced a spectacular close to the financial year 2023–24, having achieved an impressive revenue of INR 104 crore. A substantial portion of this revenue, 94.7%, was generated from […]

tyres

Apollo Tyres FY24 net profit up 65%

The Board of Directors of Apollo Tyres Ltd has approved the company’s audited financial results for the fourth quarter (Jan to Mar) and the financial year 2023 – 24. The Board recommended a dividend payout of Rs 6.00 per equity share (600%), on face value of Re 1 each for FY24, subject to the approval of the shareholders […]