Auto component industry’s revenue to grow by 5-8% in FY24 amid export headwinds: ICRA
The rating agency expects operating margins of auto ancillaries to improve by 100-150 basis points (bps) year-on-year (YoY) in FY24, thus returning to pre-covid-19 levels of 11-11.5%.
Divgi TorqTransfer’s ₹412 cr IPO to open on March 1; all you need to know
The company aims to raise up to ₹180 crore through issue of fresh equity shares and up to ₹232 crore via offer for sale by promoters and existing shareholders.
Auto component replacement demand to grow by 6-8% in FY24: ICRA
The improvement in demand has resulted in a positive impact on cash flows for aftermarket or replacement dealers and garages.