Search

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.

Domestic road transportation sector rebounds

The recovery has also been visible across other modes of transportation as well - rail freight traffic and port freight volumes have both reported growth, although the latter at a slower pace than other modes

MCE market to witness volume growth in CY2021

Roads and highway projects and rural development to drive growth.

ICRA predicts construction equipment volume growth in CY2021

Central Government projects in roads and rural development will drive demand

Volume of mining and construction equipment sector may fall

Ratings agency ICRA expects subdued near term outlook for the mining and construction equipment industry with demand for equipment expected to remain sluggish. The agency expects sluggish demand for equipment because of the slow pace of infrastructural investments, weak business confidence and continued regulatory issues surrounding mining

Digital Edition