While the pandemic put the auto sector through a pincer, the auto ancillary players were not spared of the pain either. But the subsequent recovery has come as a whiff of fresh air, with Arvind Poddar of Balkrishna Industries topping the list, followed by Vivek Chaand Sehgal of Motherson Sumi.
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Arvind Poddar, Chaand Sehgal richest in auto ancillaries
While the Covid pandemic put the auto sector through a pincer, the auto ancillary players were not spared of the pain either.
Budget 2023
Budget 2023: Expenditure on govt schemes grows 4%
The expenditure on government schemes are expected to increase by 4.3% to ₹19.4 lakh crore in next fiscal FY24.
Budget 2023: Defence capital outlay enhanced
The government has proposed a budgetary allocation of ₹5.94 lakh crore for the defence ministry.
Budget 2023: Sharp Jump In Capital Outlay For Railways
The enhanced funds are to be deployed in launching new trains and upgradation of existing railway infrastructure.
Budget 2023: Monthly Gross GST Collection On The Rise
The average monthly gross GST collection has increased from ₹0.90 lakh crore in FY18 to ₹1.49 lakh crore in FY23.
Budget 2023
Budget 2023: Expenditure on govt schemes grows 4%
The expenditure on government schemes are expected to increase by 4.3% to ₹19.4 lakh crore in next fiscal FY24.
Budget 2023: Defence capital outlay enhanced
The government has proposed a budgetary allocation of ₹5.94 lakh crore for the defence ministry.
Budget 2023: Sharp Jump In Capital Outlay For Railways
The enhanced funds are to be deployed in launching new trains and upgradation of existing railway infrastructure.
Budget 2023: Monthly Gross GST Collection On The Rise
The average monthly gross GST collection has increased from ₹0.90 lakh crore in FY18 to ₹1.49 lakh crore in FY23.
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