The global demand for greener aluminium is expected to increase in the medium term, especially from automotive OEMs with ambitious carbon abatement targets.
ICRA
Posted inSectors
India’s EV transition is more resolute in the three-wheeler industry
By 2025, ICRA says, the electric two-wheelers will account for 8-10% of the total 2W sales will be EVs, whereas over 30% of the 3Ws sold will be battery-powered.
Posted inSectors
Price correction and elevated energy costs weaken the global demand for metal
Nearly 600 bps drop in margin for base metal players likely in FY2023; outlook revised to stable from positive: ICRA.
Posted inSectors
Steel industry outlook revised from positive to stable, says ICRA
The industry’s FY2023 operating profits likely to be lower by 40-50% over FY2022 levels.
Posted inSectors
Auto parts industry revenue to grow 16-18% in the next fiscal: ICRA
Schemes such as production-linked incentives could encourage OEMs and large auto component vendors to advance their investment plans, targeted at exports
Posted inProducts & suppliers
Tractor demand rebounds
Farm sentiments are expected to remain healthy
Posted inSectors
Fertiliser companies to post healthy profitability in FY2021: ICRA
Despite, the implementation of Covid-19 pandemic led lockdown, fertilisers production and dispatches remained largely unaffected owing to their classifications as Essential Commodities
Posted inSectors
Construction Equipment demand to weaken in the post Covid-19 pandemic: ICRA
The industry is expected to de-grow by 15-20% during CY2020
Posted inSectors
Logistics sector to grow at 8-10% over the medium-term; outlook stable: ICRA
Key drivers for demand pick-up would be the festive season as well as the anticipated revival in infrastructure spending post-monsoon
Posted inSectors
Auto industry to benefit from corporate tax revision: ICRA
The reduction of corporate tax rates to globally competitive levels will incentivise OEMs and their vendors to increase localisation