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March 01, 2001 | Feedback |
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Sector Focus: Auto Components
Auto ancillaries: State of the industry (2000-01)
Source: CRIS INFAC
Auto ancillaries: Budget impact
NA: not available Figures in brackets indicate the closing share prices, on February 27, 2001 and February 28, 2001, respectively. Pos= positive Source: CRIS INFAC A: The likely growth in the sales of cars, commercial vehicles and two-wheelers is expected to have a positive impact on auto-component producers. B: The reduction in the customs duty, due to removal of surcharge on imports of raw materials, such as steel and non-ferrous metals, is expected to have a marginally positive impact on the auto-component producers. On an average, imports account for 15-40 per cent of their cost of raw materials. C: The reduction of surcharge on corporate tax, from 13 per cent to 2 per cent and the expected decline in interest rates, is expected to have a positive impact on producers. Disclaimer: CRISIL has used due care and caution in compiling and preparing this analysis. Information has been obtained by CRISIL from Union Budget 2001-2002 and sources which it considers reliable. However, CRISIL does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. CRISIL is not liable for investment decisions that may be based on the views expressed in this write - up. No part of it may be published in any form without CRISIL's prior approval. Rediff-CRISIL Budget Impact Analysis
Disclaimer: CRISIL has taken due care and caution in compiling this report. Information has been obtained by CRISIL from sources which it considers reliable. However, CRISIL does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. CRISIL is also not responsible for any errors in transmission and especially states that it has no financial liability whatsoever to the subscribers/ users/ transmitters/ distributors of its web site. |