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Auto Component Industry To Grow Up To 10% In 2016-17: ICRA

Industry Transport equipment

According to ICRA, the auto component industry in India is expected to grow by up to 10% in the current fiscal on the back of sales growth in passenger vehicles and motorcycle segments. It expects that the auto component industry to gain momentum and register growth of 8.5-10% in the current fiscal as against 2.8% growth in the last fiscal.

Extracted from BS, June 03,’16

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