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Auto Component Industry to register 8-10% growth in FY2017 : ICRA
Mar30

Auto Component Industry to register 8-10% growth in FY2017 : ICRA

Auto Component Industry to register 8-10% growth in FY2017 : ICRA ICRA expects the Indian auto-component industry to gain momentum and register growth of 8-10% in the next fiscal (FY2017e). M&HCV demand is likely to stay robust but slow down to 13-15% given the increased base of FY2016. Recent ban on diesel vehicle in NCR and additional levy of 1-4% infrastructure cess on passenger vehicles (PV) in the Union budget will impact...

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