Auto component manufacturers may report strong recovery in revenue: Icra
- The revenue decline for aftermarket-dependent components like tyres and batteries was capped at 13%, as against a steeper 19% decline for the broader sample
NEW DELHI : Domestic manufacturers of automotive components have witnessed a strong recovery in business after two months of subdued production due to an explosive rise in covid-19 cases, according to credit ratings firm Icra. Most auto manufacturers, especially in the passenger vehicle and two-wheeler segment raised production sharply from June to fill inventory at dealerships.
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