COVID-19: Auto component sector may see 16% drop in revenue this fiscal, says report

According to the report, the domestic OEMs, which account for over two-thirds of the sector's revenue, are staring at a decadal low vehicle sales volume at 169 lakh units this fiscal with the production schedule of the manufacturers likely to remain modest in the first two quarters of the fiscal followed by a gradual recovery, Crisil Ratings said.

from Auto-Industry-Economic Times https://ift.tt/31vyzFy