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Prabhudas Lilladher Report
We hosted auto component body Automotive Component Manufacturers Association, five listed companies and a leading tyre dealer in our auto ancillaries conference represented by senior management.
Participants sounded optimistic on -
1. sustenance of strong demand recovery continuing in Q4 FY21 and H1 FY22,
2. benefits of cost cutting measures taken in H1 FY21 that will result in strong margin delivery along with improved utilizations in H2 FY21,
3. no sales impact due to second Covid-19 wave in key markets like Europe and U.S.
Component suppliers to commercial vehicles segment sounded confident on continued volume recovery.
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