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 […]
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. […]
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 […]
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 […]