Auto components News
Its revenue from operations rose to Rs 4,466 crore for the third quarter compared to Rs 4,205 crore in the year-ago period.
The auto component exports reached $21.2 billion in FY24, marking a significant turnaround from a $2.5 billion deficit in FY19 to a $300 million surplus.
The companies which are making these high-end components need a captive market which is not possible in India at the moment.
Auto components maker Bosch on Friday said operations at its Jaipur plant will remain shut due to a day-long strike called by the labour union over wage settlement issues.
FCC Rico Ltd is now entirely a FCC Group held company.
The company's net profit stood at Rs 90.60 crore in the same quarter of the previous fiscal.
Global companies that specialise in making vehicle emissions cleaner are rushing to take advantage of Beijing`s war on pollution, as Chinese automakers look to comply with tougher regulations in the world`s biggest auto market.
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