Automotive Component Manufacturers Association of India (ACMA) has said that the automotive components industry grew 11 per cent year-on-year to Rs 3.32 lakh crore in the first half of the current fiscal (H1FY25). The turnover of the automotive component industry in the April-September period of last fiscal stood at Rs 2.98 lakh crore. It said exports grew by 7 per cent to $11.1 billion (Rs 93.34 lakh crore) while imports grew by 4 per cent to $11 billion (Rs 92.05 lakh crore) with $150 million in surplus. It noted that the aftermarket, estimated at Rs 47,416 crore, also witnessed a growth of 5 per cent year-on-year. Similarly, component supplies to OEMs in the domestic market grew by 11 per cent year-on-year to Rs 2.83 lakh crore.
ACMA President Shradha Suri Marwa said with vehicle sales across all segments reaching pre-pandemic levels and despite geopolitical challenges on the exports front, the auto components sector witnessed a steady growth in both domestic and international markets in the first half of FY2024-25. She also said the festive season brought significant sales across most segments of the vehicle industry. However, she said reflecting on the past eight months of this fiscal year, while two-wheelers have shown promising growth, sales of passenger vehicles and commercial vehicles have been relatively moderate.
On the exports front, she said with geological challenges, delivery time and freight costs have once again gone up. That said, in value terms, the industry remains in robust health, signalling stability and resilience amidst evolving market dynamics. She added that 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.
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
Make an informed decision for Stocks
Invest using an intelligent system with powerful data-driven tools that help you identify opportunities and make informed buy-hold-sell decisions
Buy quality Stocks when they are available at reasonable prices and supported by an upward price trend and Sell when they are Overvalued using the Decizen Rating System. Covers 3500+ stocks
Limited to the first 10 users today!
Practical Stock Investing Hand Book
By - Raymond Moses
Founder of MoneyWorks4Me | Consultant | Trainer | Author | TEDx Speaker
Register & Get Instant Access!Don't miss out! First 10 users today get it FREE
With this 4 hrs Masterclass, you’ll be able to:
Download APP
