Amid a slowdown in the automotive industry, the Automotive Component Manufacturers Association of India today asked the government to continue providing export incentives to domestic manufacturers, while expressing concern over
After two strong years, the Indian auto parts industry is expected to register lower growth in the present financial year amid slow-growth outlook for the vehicle industry. The auto
Despite slowing vehicle sales in the domestic market and growing uncertainties in the western world, auto parts makers do not envisage any major impact on auto demand in the immediate
The market for auto parts exports would see improvements only in Q2.
Indian auto-component makers are scaling back growth projections for the fiscal year as scarce and expensive financing and higher raw-material costs weigh on automobile sales.
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