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Indian auto component industry likely to grow 8-10% in FY23

According to rating agency Icra, the Indian auto component industry might have 8% to 10% growth in Financial Year (FY) 2023, due to the easing of supply-chain issues along with commodity inflation in the next half of the year.

Icra slashes growth forecast for auto components industry to 17-20 pc for FY22

According to Icra, the components industry is now expected to grow at 17-20 per cent in 2021-22, partly aided by "the low base of last year and commodity passthrough" besides growth driven by domestic OEM, replacement and export volumes.

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