Auto Component Industry

Auto components industry seeks uniform 18% GST on all products, says low taxation will lead to better compliance

Currently, 60 percent of the auto components attract 18 percent GST rate, while the rest 40 percent, the majority of which are two-wheelers, and tractor components attract 28 percent

Auto component industry to grow at 10-12% CAGR in long term, says Icra report

The auto component industry is likely to grow at 10-12 percent annually in the long term on rising rural income, higher disposable income and continued infrastructure activity, according to a Icra report

IT To Drive Growth Of Auto Component Industry

The report aims to understand the IT adoption challenges faced by manufacturing industry firms.