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AUTO DEALERS TO CLOCK 8-10% REVENUE GROWTH
The Business Guardian
|November 26, 2023
Keeping the spirits flying high in India's automobile industry, a mance of the sector expects revenue of auto dealers to accelerate 8-10 per cent this fiscal, driven by 5-7 per cent increase in sales volume, premiumisation and price hikes of 2-5 per cent by original equipment manufacturers (OEMs).
That, along with steady operating profitability and moderate debt, will keep their credit profiles stable, a CRISIL Ratings analysis of 150 auto dealers indicates.
This story is from the November 26, 2023 edition of The Business Guardian.
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