How Exide and Amara Raja are bucking the trend in auto sector1 min read . Updated: 15 Jul 2019, 11:25 PM IST
- Together, the two account for about three-fourths of the replacement market sales that has better realizations than OEMs
- Apart from the tailwinds of robust replacement market sales, soft lead prices are expected to support profitability
Battery firms Exide Industries Ltd and Amara Raja Batteries Ltd are bracing for tough times ahead, given the drastic fall in auto sales. But the magnitude of the impact will be lower for them compared to other auto component makers.
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