Auto component industry grows 9.8% to clock ₹6.14 lakh cr turnover in FY24
Exports grew by 5.5% to $21.2 billion while imports grew by 3% to $20.9 billion, thus resulting in a trade surplus of $300 million.
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Sizzling Show By India Inc.’s Emerging Firms
Over 10 years, cumulative topline of The Next 500 club nearly doubles to ₹10.62 lakh crore even as profit quadruples to ₹60,000 crore.
The Thalaiva At Murugappa Group
Vellayan Subbiah’s ability to leverage business opportunities with astute financial prudence and deliver remarkable returns for shareholders puts him in a league of his own.
The New Auto Champions
As industry enters a new growth phase, emerging ancillary players are shaking up the status quo.
Demand for auto components to remain buoyant despite weak exports: ICRA
Auto ancillaries have started witnessing a healthy ramp-up in revenues with a steadily rising share of EVs, where content per vehicle is expected to rise considerably.
Timken India’s Innovation Engine
Sanjay Koul leveraged technology and process improvements to deliver the best financials since Timken India’s inception.
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.
Margins of auto ancillaries likely to return to pre-Covid levels in FY23: ICRA
The operating margins are likely to return to pre-Covid levels of 10.5-11% in FY23 compared to 10% in FY22.
Auto ancillaries’ revenues to grow by 8-10% in FY2023: ICRA
Stable demand, imminent easing of supply-chain related concerns, better-than-expected export volumes reap benefit for auto ancillaries
