Auto component industry to witness 15-17% revenue growth in FY22

24 Jan 2022 CW Team

According to a report by Brickwork Ratings, the auto component industry is likely to observe a 15-17% revenue increase in FY22.

As per a report by Brickwork Ratings, while the incomes will enhance, the profitability of auto component players is likely to drop during the year on account of high raw material costs.

The agency noted that the increased demand and a preference for personal mobility due to safety matters led to the recovery in automobile sales post relaxations in the lockdown. Also, a pick-up in the economic activity performed well for commercial vehicle sales.

Additionally, the scrappage policy and strict review of pollution under control (PUC) certificates would strengthen the aftermarket of the auto component industry.

Auto component suppliers generally pass on cost increases to original equipment manufacturers (OEMs); but, in the current scenario, it will take some time, and auto component players will have to take a hit on their profitability to protect volume development.

As per the firm, the domestic auto components’ revenues is likely to grow by 16-18% in FY2022 and 11-13% in FY2023, supported by increased demand from the automobile industry and a low base.

Brickwork Ratings noted that there has been a delay on the supply side, with the shortage of semiconductor chips hindering the production schedule of OEMs, thereby impacting recovery in the overall automotive value chain. Renewed issues around the pandemic will further act as a speed-breaker for recovery in the industry.

The agency additionally anticipates the exports of auto parts to enhance. Export for the auto components industry in FY2021 witnessed 4% YoY degrowth.

Image Source

Also read: Turnover of Indian auto component industry at Rs 1.96 lakh crore

Also read: ACMA aims uniform 18% GST for all auto components

Technology

28 Oct 2025

Building Faster, Smarter, and Greener!

Backed by ULCCS’s century-old legacy, U-Sphere combines technology, modular design and sustainable practices to deliver faster and more efficient projects. In an interaction with CW, Rohit Prabhakar, Director - Business Development, shares how the company’s integrated model of ‘Speed-Build’, ‘Smart-Build’ and ‘Sustain-Build’ is redefining construction efficiency, quality and environmental responsibility in India.U-Sphere positions itself at the intersection of speed, sustainability and smart design. How does this translate into measurable efficiency on the ground?At U..

Smart Roads, Smarter India

India’s infrastructure boom is not only about laying more kilometres of highways – it’s about building them smarter, safer and more sustainably. From drones mapping fragile Himalayan slopes to 3D machine-controlled graders reducing human error, technology is steadily reshaping the way projects are planned and executed. Yet, the journey towards digitisation remains complex, demanding not just capital but also coordination, training and vision.Until recently, engineers largely depended on Survey of India toposheets and traditional survey methods like total stations or DGPS to prepare detai..

What Does DCPR 2034 Mean?

The Maharashtra government has eased approval norms for high-rise buildings under DCPR 2034, enabling the municipal commissioner to sanction projects up to 180 m on large plots. This change is expected to streamline approvals, reduce procedural delays and accelerate redevelopment, drawing reactions from developers, planners and industry experts about its implications for Mumbai’s vertical growth.Under the revised DCPR 2034 rules, buildings on plots of 2,000 sq m or more can now be approved up to 180 m by the municipal commissioner, provided structural and geotechnical reports are certified b..