1. Home
    2. >

Replacement demand growth for automotive battery segment at 4-5%: Ambit Capital

 TyroneWesley
  53
 May 21, 2024

acadvsazgvz.jpg

Mumbai:Ambit Capital, an investment advisory firm, estimates that the current replacement demand in the automotive battery segment is growing at 4-5% year-on-year. As of 2016, this is much lower than the double-digit growth rates the sector was experiencing on a monthly basis in the year 201610. Before the cash ban took effect. Demand in India’s automotive battery sector has “largely recovered” from its post-demon era lows as the cash ban hit the automotive sector hard. However, rural demand is still suffering, the report said.

On the acceleration of demand from the unorganized sector to the organized sector, Ambit said that the feedback is quite mixed based on dealer interactions. While some believe that the unorganized sector has been hit harder, others say it will bounce back soon. Further, dealers said that there will be a gradual shift to the organized sector after the implementation of GST and said, “The unorganized sector will be able to evade compliance if it is not strictly enforced.”

Battery pricing has become more complex as demand growth for cars slows. Since November 2016, India’s top battery makers, Exide and Amarara Raja, have raised aftermarket prices by about 10% to offset the rise in lead prices over the past eight months.

The investment advisory firm expects replacement battery industry sales to grow at a CAGR of 8% in FY 2017-19 based on the correlation between sluggish original equipment device (OE) sales in FY 2012-17 and demand for replacement automotive batteries in FY 2017-19. The target is to achieve a CAGR of 12% from FY 2012-16.

Recommended Suppliers

TDDCHEM SINGAPORE PTE.LTD（cnauto）
Retailer
CN Supplier
1 YRS
Main Products:
Titanium dioxide, pigments, fillers, alcohols
Established:
2024-09-13
Company Size:
10000
Contact Supplier
Geely Jiyue 01 Max
LEADING IDEAL L9
Main Products:
Titanium dioxide, pigments, fillers, alcohols
Established:
2024-08-09
Company Size:
10000
Contact Supplier
Wheel excavator
Wheel excavator
Wheel excavator
Wheel excavator
chengdutuduoduo
Retailer
CN Supplier
1 YRS
Main Products:
Whole vehicle, used car
Established:
2024-08-01
Company Size:
10000
Contact Supplier
Great Wall Artillery 2.0T
Peugeot 301 1.6L
Radar RD6 Pure electricity
Nissan Qijun 2.5L
Main Products:
Auto parts、Rubber tyre、Finished car
Established:
2023-01-01
Company Size:
10000
Contact Supplier
Car
Tyre 01
inner tyre
steel wheel
Main Products:
Air filter、Lubricating oil
Established:
2022-09-07
Company Size:
SMEs
Contact Supplier
Hebei Jinlitong Auto Parts Co., Ltd
Retailer
CN Supplier
17 YRS
Main Products:
Production of starters, generators, engines, cages and related equipment accessories for mini vehicles, cars, agricultural vehicles and diesel vehicles; and import and export business of self-operated products
Established:
2008-10-24
Company Size:
Miniature
Contact Supplier
QUANZHOU JUNHUA MACHINERY CO.,LTD
Manufacturer/Factory
CN Supplier
7 YRS
Main Products:
excavator and bulldozer undercarriage part(track roller,carrier roller,idler,sprocket/segment,track link)
Established:
2018-05-22
Company Size:
5000 square meters
Contact Supplier
undercarriage part for Catpillar D8N D8R track roller single flange 7T9188 246-0775
spare parts undercarriage parts track roller double flange D8N D8R D8L D8T
undercarriage part for Catpillar D8N D8R track roller single flange 7T9188 246-0775
track roller double flange undercarriage part D8R D8N D8T D8L 9W8705 196-9947
Shanghai Lianteng Industrial Co., LTD
Retailer
CN Supplier
17 YRS
Main Products:
Auto parts wholesale; Auto parts retail; Machinery and equipment sales; Sales of electronic components and electromechanical components; Sales of electronic products
Established:
2008-10-22
Company Size:
Minor
Contact Supplier
Yiwei New Energy Technology(Chengdu)Co.,Ltd
Retailer
CN Supplier
3 YRS
Main Products:
New Vehicle, Used Vehicle, Electric Vehicle, Gasoline Vehicle
Established:
2022-06-24
Company Size:
20-50人
Contact Supplier
Zeekr 001 YOU Spec 100kWh All-Wheel Drive
BMW iX1 2024Model eDrive25L M Sport Pack
BYD Song Plus EV 2025Model 605km Flagship Edition
Geely Jiyue 01 Max
Zhongqi Huizhong Auto Parts Co., LTD
Retailer
CN Supplier
8 YRS
Main Products:
Auto parts and accessories manufacturing; Production and sales of engine parts, automotive supplies and automotive lubricants，Car modification; Automotive technology development
Established:
2017-09-26
Company Size:
大型
Contact Supplier
Lower swing arm
Lower straight arm-R
Lower straight arm-L
Lower bending arm-R
Hot Information
Tesla Autopilot and similar automated driving systems get ‘poor’ rating from prominent safety group
April 1, 2024
JCTSL may turn bus stands into charging points for e-buses
March 27, 2024
Localization of EV parts without production scalability may not help cut EV price, says President, Amara Raja
March 27, 2024
You May Like
Contacts Us:
Tel：WhatsApp +1 (443) 226-3000
email：service@cnauto.vip
User Agreement Privacy Policy Cookie Policy Intellectual Property Protection Policy About us
Copyright © 2021-2025涂多多(青岛)跨境电子商务有限公司All Rights Reserved
About Cookies On This Site
We use cookies to give you the best possible experience on our website. For more details including how to change your cookie settings, please read our Cookies Policy