Auto ancillary companies saw revenue grow at 11 percent annually from FY16 to FY26. Exports and increased vehicle content fueled this expansion. The sector enters FY27 with its strongest balance sheet in a decade. Companies are expected to achieve a 21 percent profit after tax CAGR from FY26 to FY28. Body and glass segments show strong potential.
from Auto-Industry-Economic Times https://ift.tt/Su856z1
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