News Jan 19, 2022 ICRA comes out with revised downward growth forecast for auto industry Rating agency Icra revised downwards the revenue growth forecast for the auto components industry in the current fiscal to 15-17 percent.
News Dec 30, 2021 Indian auto industry tensed over effect of Omicron Speed breakers such as the third COVID-19 wave triggered via the spread of the Omicron variant in India as well as rising commodity prices might decelerate the automobile industry's recovery.
News Dec 03, 2021 Tips for automotive OEMs & suppliers to solve supply chain issues Manav Kapur, Executive Director, Steelbird International, shares four critical business abilities that automotive enterprises should acknowledge and execute to manage supply chain issues in future.
News Dec 02, 2021 India’s passenger vehicle sector may face loss of $5 bn due to chip shortage India’s passenger vehicle industry is set to lose 500,000-600,000 units in production and more than $5 billion in revenue this fiscal year due to the global shortage of semiconductors, say industry executives.
News Nov 23, 2021 India’s auto parts industry expects 22% growth in FY22 The auto components industry is poised for a 10- 15 per cent growth in fiscal 2022, following a 3 per cent slide in FY21 during peak Covid pandemic, according to Sunjay Kapur.
News Nov 22, 2021 Forging industry facing setback due to fall in auto sales With the ripple down effect of declining automobile sales, the forging industry is facing the heat with a sharp decline in demand.
News Oct 29, 2021 Chip shortage may reduce India’s auto volume growth: Crisil The ongoing chip shortage is likely to moderate passenger vehicle sales growth to 11-13% this fiscal, down from the earlier volume growth forecast of 16-17 per cent, delaying the industry recovery as the waiting period is increasing amid strong demand due to production curbs, says a Crisil report.
News Oct 25, 2021 Magnesium shortage could adversely affect auto industry Supply chain issues may arise with a magnesium shortage in China and the ongoing global microchip shortage heavily impacting auto industry production, including for General Motors.
News Sep 29, 2021 CEAMA sees chip shortage behind delayed launch of new products The domestic appliances and consumer electronics industry, is facing shortages in components such as semiconductors and chips, said industry body CEAMA.