Valuations of parts makers at risk amid uncertainty in auto industry2 min read . Updated: 26 Nov 2019, 07:30 AM IST
- IHS Markit forecasts CY19 light passenger vehicle sales to decline 6-8% year-on-year
- Indian component suppliers’ revenue has declined year- on-year in the past couple of quarters
Shares of leading component makers such as Bharat Forge Ltd, Motherson Sumi Systems Ltd and Varroc Engineering Ltd have fallen 23%, 17% and 36%, respectively in the past year. This is sharper than the 10% drop in the Nifty Auto index.
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