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AUTO SECTOR USING MORE THAN 74% OF CAPACITY
The Business Guardian
|November 19, 2023
Signalling a strong recovery, India's automotive sector is utilizing, on average, more than 74 per cent of its capacity, which is higher than last year as reported, as reported by 70 per cent of respondents in a FICCI manufacturing survey.
Almost all the respondents said that their production is higher in the July-September quarter of 2023-24 as compared to Q2 FY 2022-23. With regard to the orders, over 70 per cent of respondents reported higher order level for Q2 JulSep 2023-24 compared to Q1 Apr-Jun 2023-24.
When it comes to capacity expansion, a similar percentage of the respondents reported that they are planning to expand capacity in the next six months. Low demand, especially for new technologies like EV and high interest rates are some of the factors that are still limiting some expansion plans for some of the respondents.
Dit verhaal komt uit de November 19, 2023-editie van The Business Guardian.
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