
Revenue growth in the automotive component business is expected to be slower this fiscal year and next, at 6-8%.
After recording a roughly 14% increase in revenue last fiscal year, the automotive components sector is predicted to moderate its growth to 6–8% this fiscal year and the following, according to CRISIL Ratings research. It also mentioned that the declining demand for new cars, excluding two-wheelers, will be the reason. Moreover, because of the weak…