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"The components industry continues to make investments for purposes of higher value-addition, technology upgradation, and localisation to stay relevant to both domestic and international customers," Automotive Component Manufacturers Association of India (ACMA) President Shradha Suri Marwah told reporters.
An increase in value of sales of components sold to automakers, aided by the shift in consumer preference to larger, more powerful vehicles across segments helped drive up revenues by 6.5% till September FY24, shows data available with industry body Automotive Component Manufacturers Association (ACMA).
The automobile components industry saw turnover grow 12.6% to $36.1 billion for the first half of 2023-24 (April-September 2023), compared with $33.9 billion earned in the corresponding period of FY23, according to a ACMA report
"The components industry continues to make investments for purposes of higher value-addition, technology upgradation, and localisation to stay relevant to both domestic and international customers," Automotive Component Manufacturers Association of India (ACMA) President Shradha Suri Marwah told reporters.
Key Insights Using the 2 Stage Free Cash Flow to Equity, Gentex fair value estimate is US$64.62 Gentex's US$32.51 share...