I have said this before that we will not have a double digit automotive growth, it has been so till October, I think about 11-12% growth, by the end of the year we will probably be in that 8-9% kind of a growth.
The auto ancillaries have rebounded during FY15 on the back of a recovery in domestic demand. Some of the cos have witnessed modest growth in recent quarter.
The Bangalore-based company, which is one of the largest automobile control cable manufacturers in India, has 15 manufacturing units with current capacity of 200 million units of cables annually
Over the past three years, when it raised its market share, the volumes growth of Suprajit has been about 4% higher than the two-wheeler industry growth.
According to the announcement made by Phoenix lamps, for every 5 shares held of Phoenix, investors will get 4 shares of Suprajit.
Chakan-based Suprajit Engineering is the industry leader in design and manufacturing of a wide range of control cables for car, two/three-wheeler companies as well as non-automotive companies.
Numbers prove success of its strategy to maintain its long-term growth rate at 10%, higher than industry,when its revenues were highly concentrated.
These stocks would definitely get re-rated. We have seen a lot of underperformance here and this is the first sign of recovery, he said.
A component is a part or element that make up a whole machine. In the automotive industry, a vehicle comprises of a number of different components, which when put together, makes up a whole vehicle. Following is the list of the important automotive components:-
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