As the Indian auto components sector faces a projected revenue slowdown to 6-8 per cent this and the next financial year due to softening of demand and sluggish global markets, industry players are actively diversifying their markets to mitigate the impact.
According to a recent CRISIL report, while replacement demand will provide some support, export growth is expected to taper compared to the previous year. This has prompted several players to explore new avenues for growth.
RSB Group, a prominent automotive component manufacturer, acknowledged a slowdown in commercial vehicles and construction equipment sectors by 15 per cent due to reduced infrastructure investment. The company highlighted industry's dependence on government spending and GDP growth.
هذه القصة مأخوذة من طبعة January 06, 2025 من Business Standard.
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هذه القصة مأخوذة من طبعة January 06, 2025 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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Indian cos vie to top future tech adoption chart
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