New regulation can raise commercial vehicle prices by 10-12%: ICRA
Mon, Sep 04, 2023
Implementation of multiple proposed regulatory specifications can push up commercial vehicle prices by 10-12 per cent, ratings agency ICRA said on Monday. In its report on the Indian commercial vehicle industry, ICRA said the domestic automotive industry is undergoing rapid transformations, with increased focus by the government on implementing emission norms, safety systems and other standards that will bring the country to par with other major automotive markets.
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Icra estimates GDP growth at 8.5% in first quarter; maintains FY24 forecast at 6%
Tue, Aug 22, 2023
India's economic growth will accelerate to 8.5 per cent in the April-June period of the current fiscal from the 6.1 per cent growth rate witnessed in the preceding January-March quarter, Icra Ratings said in a report on Tuesday.
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Telecom services industry revenue to see 7-9% growth in FY24, capex to touch Rs 70,000 crore: ICRA
Wed, Aug 16, 2023
ICRA believes that the ongoing 5G roll-out entails densification of the network and sizable deployment of fibre, which is likely to increase the capex intensity in the near to medium term.
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Revenue of top domestic pharmaceutical firms to grow by 7-9% in FY24: ICRA
Tue, Jul 25, 2023
The growth will be supported by an 8-10 per cent expansion in the domestic market and a 6-8 per cent rise in the US market, while revenues from the European and emerging markets are expected to increase by 3-5 per cent and 8-10 per cent, respectively.
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Commercial vehicle industry volumes to see 7-10% growth in FY24: Icra
Tue, Feb 14, 2023
The growth trends continued to be broad-based across all the three sub-segments -- medium & heavy commercial vehicles (M&HCV), light commercial vehicles (LCV), and buses, in the third quarter and nine months ended December 31, 2022, Icra said.
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Share of CNG, EVs and hybrid vehicles likely to reach 30% of total auto sales in 5 years: Icra
Wed, Feb 08, 2023
CNG, EVs and hybrid vehicles may grab up to 30 per cent share in total auto sales in next five years even as petrol cars are likely to dominate passenger vehicle volumes in medium-term, a report said on Tuesday.
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Indian IT services industry's growth pace may slow down in near to mid term: ICRA
Mon, Feb 06, 2023
Ratings agency ICRA sees lower hiring by the IT service companies in the near term given that excess capacities were added in FY2022 and expects moderation in demand compared to previous fiscals amid macroeconomic headwinds.
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5G infra to cost Rs 3 lakh cr in next 4-5 yrs amid elevated debt levels: ICRA
Tue, Jan 31, 2023
India currently has around 35 per cent of its towers fiberised for 5G and the backhaul infrastructure will cost a whopping Rs 3 lakh crore over the next 4-5 years, rating agency ICRA said on Monday.
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Airbag industry in India to grow to Rs 7,000 cr by FY27: Icra
Wed, Dec 28, 2022
The growth in the airbag industry, which is one of the fastest growing auto component segments, is expected to be fuelled by the increase in content per vehicle arising from higher regulatory requirements and voluntary increase in the number of airbags per vehicle for enhancing safety, Icra said in a statement.
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Domestic demand for finished steel to grow 8% this year, says rating agency Icra
Wed, Dec 21, 2022
Supported by the government's infrastructure-led growth model, domestic finished steel demand has registered a double-digit growth of 11.9 per cent in the first eight months of the current fiscal, the ratings agency said in a report on Wednesday.
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