The automotive components sector will see revenue rebound 21 to 23 per cent next fiscal as domestic and export demand revives after two straight contractions, a Crisil research analysis shows.
The uptick in OEM demand will rub off on the automotive components sector which could see a revenue growth of 21 to 23 per cent next fiscal compared with de-growth of 13 per cent and 8 per cent in fiscals 2020 and 2021 respectively.
As the impact of the pandemic wanes, the government’s move to increase spending on infrastructure augurs well for the automobile sector and.