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WinifredScripps
I'm a seasoned industrial engineer with a keen interest in machine learning. Here to share insights on latest industry trends.
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WinifredScripps
Release Time:2024-06-03
Icra revises downwards revenue growth forecast for auto component industry this fiscal
Ratings agency Icra has lowered its sales growth estimates for the auto component industry to 15-17% for the current fiscal due to the Omicron crisis, delayed recovery from semiconductor shortage and sluggish demand for two-wheelers. However, despite Omicron, the company expects the potential impact to be 8-10% growth in domestic aftermarket demand in FY22, with exports remaining the bright spot in the Indian auto parts market. It is expected to grow by more than 20% in the fiscal year. This is expected. "Because of the ongoing Omicron crisis, delayed semiconductor recovery, and bipolar economic downturn, 2022 The FY (revenue) growth forecast has declined by 200 a basis point compared to the previous forecast." Ikra S said in a statement: Icra added that the Indian auto component industry is expected to achieve "robust sales growth of 15-17%" in the current fiscal, driven by domestic OEMs, substitutes, export volumes and raw material price transmission. However, Vi...
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WinifredScripps
Release Time:2024-05-21
The road ain’t getting better for Tatas’ auto parts biz
TACO seems to be a son of Tata Chairman N Chairman Chandrasekaran vision inconsistency. Putting on the brakes: According to media reports, the Tata family could be kicked out of auto component manufacturing company Tata Auto Systems (TACO), either in whole or in part. The move won’t come as a surprise to industry watchers as TACO’s struggling growth in the Indian market doesn’t seem to be in sync with Tata Sons chairman N together with Chandrasekaran’s vision of a ‘top company’. A TACO spokesperson denied reports of a stake sale in an online response to a query from The Economic Times. Does the stake sale make business sense? Yes: Tatas, Hero Group and TVS Group auto component companies have underperformed the industry from 2011 to 2016. (Mahindra and Mahindra CIE, the auto components company owned by Mahindra Auto Components, did better, with Spanish company CIE acquiring a controlling stake in the company for $116 million in 2013; see ch...
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Q
are electric vehicles really green
BrunoNorton
WinifredScripps
Release Time:
March 6, 2024, 6:11 PM
Electric vehicles EVs are often hailed as a more eco-friendly option compared to traditional gasoline-powered vehicles for various reasons. Firstly. they emit no exhaust pollutants. making them free from air pollution while driving. Additionally. EVs have better energy efficiency than conventional cars. However. the level of greenness of an electric car is influenced by several factors. For instance. if the electricity used to charge the vehicle comes from a coal-fired power plant. overall emissions may be higher. Yet. as the grid adopts cleaner sources of energy. so do electric cars. Moreover. the production and mining processes involved in creating EVs particularly batteries and rare earth elements can leave a significant environmental footprint. Nevertheless. research has shown that even when accounting for battery production. electric vehicles emit less carbon throughout their lifespan than traditional vehicles. Lastly. their quiet operation provides another advantage by reducing n...
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Q
are subarus reliable vehicles
WinifredScripps
SamanthaDunlop
Release Time:
March 6, 2024, 6:22 PM
The Subaru car is generally considered to be reliable. Consumer Reports ranks Subaru among the top five most trusted car brands. Due to features such as four-wheel drive. they are known for their longevity and ability to handle all types of weather and terrain. However. individual experiences may vary depending on maintenance and usage.
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