The auto sector witnessed a healthy rebound in terms of demand, supply chains, and operational costs after overcoming its numerous macro as well as sector-specific challenges. Read here: Q2 earnings review: Topline growth slows further, margins improve 2W in focus as MHCVs remain stable Positive on 2Ws and cautious on PVs: The brokerage noted that India is already witnessing a …
Falling raw material costs and improved demand have led major tyre companies to deliver solid numbers for the March quarter. Lower RM costs boost operating profits CEAT reported a drop in raw material costs in Q4FY23 to Rs 1,721.9 crore from Rs 1,785.2 crore in Q3FY22. The company's operating profit in Q4 has grown by Rs 92.4% YoY to Rs …
The Indian auto component industry is expected to clock 8-10% growth in FY23, supported by the easing of supply-chain issues and commodity inflation in the second half of the year, according to rating agency Icra. Domestic OEM demand has remained a mixed bag across segments in FY2022, with a slowdown in two-wheelers and semiconductor shortage dragging down overall production volumes," …
