India Ratings Maintains Neutral Outlook for Auto Ancillaries in FY26

25 Jan 2025 CW Team

India Ratings and Research (Ind-Ra) has retained a neutral outlook for the auto ancillary sector in FY26, forecasting revenue growth of 8-10% year-on-year. This growth is anticipated to be driven by factors such as premiumisation, rising electric vehicle (EV) adoption, and increasing investments by global original equipment manufacturers (OEMs) in India. However, challenges persist for the sector, including muted export demand, particularly from Europe, and a slowdown in domestic sales growth, excluding two-wheelers, which could impact profitability. Despite these hurdles, Ind-Ra highlights several elements that could sustain margins. Stable replacement market demand is expected to act as a buffer against slowing new vehicle sales. Additionally, companies ramping up production to meet demand are likely to benefit from economies of scale and improved operating leverage. With supply chain constraints easing, raw material prices are predicted to remain stable, helping to control production costs. Companies focusing on advanced EV-related components are well-positioned for future growth, as EV adoption creates demand for specialised components. The trend toward premium vehicles with advanced features is expected to continue, boosting demand for auto ancillary products. Furthermore, as global OEMs diversify supply chains away from China, India is emerging as a preferred investment destination, offering significant growth opportunities for the country’s auto ancillary sector. (Business Standard)

Real Estate

05 Sep 2025

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..