SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Auto components industry’s revenue to grow by 20-23% in FY22: ICRA

27 Aug 2021 Evaluate

Credit ratings agency ICRA in its latest report has said that the auto components industry is expected to post 20-23 per cent revenue growth during this fiscal (FY22), aided by strong exports and recovery in the domestic market, with all segments (passenger vehicles, two-vehicles and commercial vehicles) likely to report healthy double-digit growth in 2021-22. However, it said prices of key commodities and shortage of semi-conductors remain the key concerns for the industry.

According to the report, the domestic auto component industry has seen a smart recovery during the first quarter of this fiscal, driven by strong exports and revival of domestic demand in June. It also said most domestic automobile segments, especially passenger vehicles (PVs) and tractors, continue to witness strong demand and are almost at pre-COVID-19 levels. Even the M&HCV (medium and heavy commercial vehicle) segment, which was impacted during the April quarter, is also now showing signs of recovery.

The report further said the industry gross margins improved sequentially in the first quarter of 2021-22, but remain lower than the historical trend. The shortage of semi-conductor and an increase in commodity prices remain key challenges for the industry in the near term. However, it said one of the concerns for the industry is the prices of key commodities which continue to remain at elevated levels, despite some moderation in recent months.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: