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    HomeNewsOpinionAuto component industry’s capex plans to continue despite growth moderation

    Auto component industry’s capex plans to continue despite growth moderation

    Higher content per vehicle and export opportunities to aid revenue growth for the industry in the near to medium term

    Vinutaa S
    January 02, 2025 / 16:49 IST
    Auto component industry’s capex plans to continue despite growth moderation

    Automotive sales have been noticeably slowing in recent quarters.

    Ratings agency ICRA Ltd expects the revenue growth in the Indian auto component industry (represented by a sample of 46 auto ancillaries with aggregate annual revenues of over Rs 3,00,000 crore in FY2024) to be in high single digits in FY2025. This, however, comes on the back of a 14 per cent growth registered in FY2024.

    Automotive sales have been noticeably slowing in recent quarters. This is likely to trickle down into a moderation in demand for auto

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