Auto Component

Is recovery in sight for ZF Commercial Vehicle?

The management remains optimistic about outperforming industry growth, supported by a robust pipeline of new products, stronger aftermarket business, and favourable regulatory developments

Govt considering Rs 13,000-crore package for auto component industry: Sources

Sources said, under the proposed scheme, government is likely to provide two types of incentives for auto component manufacturing

Are Indian auto component firms’ earnings at risk from soft demand, tariffs?

If the US implements reciprocal tariff on Indian component imports, the impact would need to be absorbed by Indian auto component manufacturers or US OEMs, the former being more likely

Bleak global outlook, a negative for Indian auto component exporters

A weak demand environment in global auto sales coupled with sluggishness on home turf could be tough posers for India’s component manufacturers

Sona BLW raises Rs 2,400 crore via QIP; SBI Mutual Fund invests Rs 600 crore, bags 25% of the shares offered

Sona BLW's QIP issue attracted strong investor interest, resulting in a subscription level 5.5 times the shares on offer. SBI Mutual Fund and ICICI Prudential mutual fund were among the major investors.

Auto Expo Components 2023 | 'Cross-pollination of technology between the West and Far East in India essential to build a robust supply chain': Sona Comstar's Sunjay Kapur

Ahead of the Auto Expo Components 2023, from January 12-15, at Delhi's Pragati Maidan, Sona Comstar chairman and ACMA president talks about how electric vehicles are transforming manufacturing, the need for light-weighting, and global supply.

Auto component suppliers to log an 8-10% growth in revenue this fiscal: ICRA

For the first half of the current fiscal, the industry reported a year-on-year growth of 29 per cent, ICRA said on Monday, based on projections from 49 auto ancillaries with aggregate annual revenues of close to Rs 3,00,000 crore.

Divgi Torqtransfer files draft papers to raise funds through IPO

The company is the one of the leading players supplying transfer case systems to OEMs in India. It is also the largest supplier of transfer case systems to major passenger vehicle manufacturers.

Auto component industry likely to clock 8-10% growth in FY23: Report

For 2021-22, the revenue growth of the industry is pegged at 13-15 per cent, driven by domestic OEM, replacement, export volumes and pass-through of commodity prices.

PLI scheme for auto sector | Maruti Suzuki, Tata Motors among 95 firms that get nod; Investment proposals exceed govt target

Until January 9, 2022, as many as 115 firms had filed applications under the PLI scheme for the automobile and auto component sector, which was notified in September last year, of which 95 applicants have been approved.

Subros: A proxy play on PV segment growth

Subros' leadership in the autocomponent space is driven by the quality of products and the product portfolio

Lucas TVS signs pact with 24M to build one of India’s first giga factories

The company will use its partner’s cheaper technology to build a range of products for e-mobility, stationary energy storage and lead acid battery replacement

Auto component industry revenues to grow by 20-23% in FY22: Icra

The growth would however be on the low base of the last two fiscals and will look optically strong because of the exceptionally weak first half of the financial year 2020-21.

Ideas For Profit | Subros: Proxy play on cars and CV demand recovery

The fortunes of Subros are directly linked to the growth of the passenger vehicle industry. Though the first quarter of FY22 is expected to be impacted by the second wave of COVID, the outlook for the remaining fiscal seems encouraging. The company management has indicated that the demand is expected to pick up post-easing of lockdown restrictions in various states. At the current valuation of 17.9 times FY23 projected earnings, the stock looks attractive.

Toyota joins hands with ACMA to share best practices with auto component firms

As per the Memorandum of Understanding (MoU), the automaker through its training arm Toyota Learning and Development India (TLDI) will share its best practices like people development and lean management principles with the industry members of ACMA.

Auto component suppliers to see 70% dip in operating profits in Q1 due to COVID restrictions: ICRA

The challenges for component manufacturers will be further compounded by the sharp increase in commodity prices, which are generally passed through to original equipment manufacturers (OEMs) with a lag of 3-6 months, ICRA noted.

Exports go full throttle for auto component makers, but revenue needs a spark

Apart from a handful of large companies that have made a mark in OEM and after-sales in international markets, the industry is dotted with medium and small enterprises, which thrive on the domestic supplies and after-sales market for business

Bharat Forge looks beyond the auto upcycle at new growth levers

While the current upward trend in autos is welcome, in the long run, it will be Bharat Forge's foray into new areas that will provide support

Indian auto component industry aims to cut dependence on Chinese imports: ACMA

Further, the domestic automobile industry is also seeking to cut dependence on Chinese imports after facing severe shortage of critical components due to the coronavirus pandemic, as companies based out of China currently continue to be the leading suppliers of automotive components.