Diabytes
CRISIL Ratings Report News
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This will be driven by the reduction in GST input tax, to 5 per cent on all aircraft components, which may lower the component-related expenditure and place Indian MROs on par with their Asian competitors.
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Currently, a considerable portion of EV components are imported from China and other countries. Adding further, commitments to the PLI 2 scheme and increased spending by OEMs are likely to elevate the capex of automotive component manufacturers.
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According to the report, over the past few fiscals, even as the number of towers rose, average rental realisation moderated 3-5 per cent because of discounts on renewals and demand for leaner4 towers.
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