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SHAMSHER DEWAN
US tariffs may erode Rs 2700-4500 cr of operating profits of Indian auto component exporters: ICRAThe Indian auto component industry is facing challenges due to newly imposed US tariffs, which could significantly impact exporters' earnin...- Expect capex for EV components to cross Rs 25,000 cr in next 3-4 years: ICRAIcra forecasts Rs 25,000 crore investment by auto component industry in 3-4 years for electric vehicle parts, with a strong focus on enhanc...
- Auto sector to see moderate growth in FY24, uneven monsoon's impact on rural demand a concern: ICRAIndia's domestic automobile industry is anticipated to achieve moderate growth in FY24, with the passenger vehicle segment reaching all-tim...
- Auto component replacement demand estimated to grow 6-8 per cent in FY24: ReportIcra also said that while the medium-term demand prospects are favourable, EV adoption, implementation of scrappage policy, component lifet...
- Imported electric vehicles set to get more expensive as Budget 2023 ups customs dutyCustoms duty on electric vehicles in completely built units (CBUs), other than with cost, insurance and freight (CIF) value of more than $4...
- Budget 2023 to give impetus to dairy processing, says ICRAThe incentives for the cooperatives are likely to increase competition for the private players in the dairy sector. “Private dairy players ...
- Investment in cell manufacturing may exceed USD 9 billion by 2030: ReportAccording to the report, locating cell manufacturers close to the original equipment manufacturers (OEM) would allow for the creation of a ...
- 'Higher incentives on electric 2-wheelers to reduce price gap with conventional vehicles'In the latest modifications to the Faster Adoption and Manufacturing of Electric Vehicles in India scheme (FAME II), the government has inc...
- Second wave of pandemic derails recovery momentum of domestic auto industry: ReportThe second wave of the pandemic in the country has derailed the recovery momentum of the domestic auto industry, which was poised for a com...
- Corporate India does a gradual recovery in Q2 FY21, but a long slog for aviation and hotels awaitsThe sustainability of the recovery post the ongoing festive season would remain critical in determining the overall macroeconomic recovery ...
- India Inc rebounds post unlock: ICRAFinancial results of 587 companies excluding financial services, showed aggregate revenues growth of 34.9 per cent in the second quarter fr...
- Festive season supports India Inc’s return to normalcy: ICRAAs per an analysis by the ratings firm, after the unprecedented sharp degree of contraction in Q1 FY2021 due to the lockdown, pace of reven...
- Commercial vehicle volumes to contract 25-28% in FY21, outlook remains negative: IcraThe outlook for the commercial vehicles (CV) sector remains 'negative' on the back of continuing challenges such as over-capacity, subdued ...
- Two-wheeler volumes to contract 16-18% this fiscal due to COVID-19 situation: ICRAWhile the overall consumption and investment demand is expected to remain subdued for an extended period, some growth off-shoots are visibl...
- Tractor companies boost output as September sales surge 80%Tractor is the only segment of the automotive market that has seen double digit sales growth since July, with September retails up 80% year...
- Covid-19 wiped out one-fifth of India Inc's profit in Q4, may do more damage in Q1Icra analysed financial performance of 184 companies that declared their results.
- Coronavirus: Commercial vehicle sales likely to contract 8-10% further in FY21, says ICRA"The demand headwinds are expected to continue over the near-term given the macroeconomic challenges in view of the recent pandemic outbrea...
- Two-wheeler sales may have a double-digit decline in FY21 due to Covid-19: ICRATwo-wheeler sales in India during the recently started fiscal year are expected to be around 18 million units, an estimated decline of 11-1...
- Logistics sector to grow at 8-10 per cent over the medium-term; outlook stable: ICRAThe key drivers for demand pick-up would be the festive season as well as the anticipated revival in infrastructure spending post monsoon a...
- Commercial vehicle sales to remain subdued in current fiscal: IcraThe rating agency believes that demand headwinds would continue in the near-term.
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