Page 3 - Auto Components

Slowdown-hit auto components' outlook revised from stable to negative: Icra

Further, liquidity issues across the aftermarket dealer channel have led to de-stocking, curtailing fresh demand from component manufacturers, it added

Auto components get public utility status in TN, workers can't go on strike

Move follows a spate of unrest at various component making units; unions plan to oppose the decision saying it infringes on workers' rights

Auto components industry growth to moderate to 10-12% in FY20

The weak rupee alongside pressure on commodity prices will impact margins

PE/VC investments in auto components hits all-time low in 2016

Investors exited with $1.35 billion in 2016, for the first time crossing the billion mark in last six years

Minda Corp forms JV with China's SBHAP for plastic auto parts

The JV, Minda China Plastic Solutions Ltd will focus on manufacturing interior plastic products of Minda KTSN in China

New tech in automobiles a boost for component makers

Anti-pollution and safety measures to benefit Wabco & Bosch, Ramkrishna Forgings

Auto component exports see first fall after 5 years

The industry is also worried about rising imports. India is a net importer of these components and these grew 1.8% to $13.8 bn in 2015-16

Rise in auto sales bring back growth prospects for components industry

ICRA expects the industry to clock 8-10% growth for FY17

Auto component industry may grow 8-10% next year

Medium and heavy commercial vehicle segment likely to stay robust but slow down to 13-15% given increased base in FY2016