Auto component sector to become stronger: Edelweiss

posted by   marketsguru (63)   12 months ago (marketsguru.com)

The Indian auto component sector that has under-performed over the past several quarters is expected to witness stronger outsourcing trends and robust domestic demand growth in future, an industry analyst said. “We believe that growth expectations are still justified. However, the long product development cycles inherent to the export market and high capex requirement for expanding...