Auto parts sector likely to grow 9% this fiscal
New Delhi: India's automotive component sector is expected to clock 7-9 per cent revenue growth during the financial year 2025-26, driven by sustained demand momentum from the two-wheeler (2W) and passenger vehicle (PV) segments, which account for nearly half of the overall revenue, according to a Crisil report released on Wednesday. A moderate uptick in commercial vehicles and tractor sales, which have a 17 per cent share, will provide an additional tailwind. The aftermarket segment, which accounts for a 15 per cent share in revenue, is seen growing steadily at 5-7 per cent, the report states.
However, weak demand for new vehicles in the US and Europe, which constitute around 60 per cent of India's exports, presents headwinds.
Operating margins are seen stable at 12-12.5 per cent, driven by the growing share of high-margin components such as ADAS1 modules, infotainment systems, and advanced braking. A decline in input cost -- particularly of steel (45-50 per cent share in input costs), aluminium (15-20 per cent), and plastics (10-12 per cent) -- used for structural rigidity, reducing vehicle weight, and for interiors will support profitability.
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India Gazette
3 hours ago
- India Gazette
Cost of home-cooked thalis declines 6% in May, driven by cheaper vegetables: Crisil report
New Delhi [India], June 8 (ANI): In May 2025, the cost of home-cooked vegetarian and non-vegetarian thalis declined by 6 per cent each year-on-year, according to a Crisil report. The decline was due to a sharp drop in the prices of key vegetables, led by the high-base effect. According to Crisil analysis, tomato prices fell 29 per cent to Rs 23 per kg from Rs 33 per kg in May 2025 as concerns over yield had lifted prices last year. Prices of onion and potato declined 15 per cent and 16 per cent, respectively, year-on-year in May as potato prices had shot up last year due to crop damage following blight infestations and unseasonal rainfall in West Bengal, while onion prices had increased due to lower rabi acreage and yield, as water availability in key growing states - Maharashtra, Madhya Pradesh, and Karnataka - was low. Crisil found in its analysis that a 19 per cent year-on-year jump in vegetable oil prices due to a rise in import duty and a 6 per cent year-on-year rise in the price of liquefied petroleum gas cylinder prevented a further drop in thali cost in May. Along with lower vegetable prices, an estimated 6 per cent year-on-year decline in the price of broiler chicken made non-vegetarian thalis cheaper. 'The decline in prices of broiler -- which makes up about 50 per cent of the non-vegetarian thali cost -- was due to oversupply and lower demand amid bird flu reported in parts of Maharashtra, Andhra Pradesh, Telangana and Karnataka,' the Crisil report read. On a month-on-month basis, the cost of a vegetarian thali remained stable, while that of non-vegetarian thali reduced 2 per cent in May 2025 Potato and tomato prices rose 3 per cent and 10 per cent month-on-month, respectively, while onion prices dipped 10 per cent, thereby keeping the vegetarian thali cost unchanged month-on-month. The Crisil report noted that an estimated 4 per cent month-on-month decline in broiler prices contributed towards the decrease in the non-vegetarian thali cost in May. (ANI)
Time of India
3 days ago
- Time of India
Home-cooked meals price marginally down in May as veggie rates cool
MUMBAI: The price of home-cooked meals came down marginally, supported by cheap vegetables, a report said on Thursday. The cost of a home-made vegetarian thali fell to Rs 26.2 from Rs 26.3 in April this year and Rs 27.8 in May last year, the 'Roti Rice Rate' report by an arm of Crisil said. Tired of too many ads? go ad free now The decline was sharper in the case of a non-vegetarian thali, which cost Rs 52.6 in May 2025 as against Rs 53.9 in April. The thali cost Rs 55.9 in May 2024, it said. "Going ahead, we anticipate an uptick in vegetable prices owing to seasonal variations and a slight easing in prices of wheat and pulses amid strong domestic output," Crisil Intelligence director Pushan Sharma said. Sharma added that the volume of rice meant for exports is expected to increase 20-25 per cent because of competitive pricing in the global market. The report attributed the decline in thali prices primarily to a 29 per cent drop on-year in tomato prices, a 15 per cent decrease in onion and a 16 per cent dip in potato prices. Last year, tomato prices had shot up on concerns of lower yields, potato prices had increased due to crop infestations in West Bengal, while lower rabi acreage and yield, along with low water availability in Maharashtra, Madhya Pradesh and Karnataka, had pushed up the onion prices, it said. The non-veg thali cost reduction was helped by a 6 per cent drop in the prices of broilers, which have a 50 per cent weightage on the overall cost, the report said, attributing the lower price of chicken to oversupply and lower demand amid bird flu reported in parts of Maharashtra, Andhra Pradesh, Telangana and Karnataka. The drop in thali cost would have been higher but for a 19 per cent on-year jump in vegetable oil prices due to a rise in import duty and a 6 per cent rise in the price of liquefied petroleum gas cylinders. Tired of too many ads? go ad free now Compared with April, potato prices rose 3 per cent and tomato by 10 per cent, while onion prices declined 10 per cent, due to which the cost of vegetarian thali was down marginally, the report said. There was a 4 per cent dip in broiler prices on-month as well, which had its impact on the costs, it said.
Time of India
3 days ago
- Time of India
Veg and non-veg thali costs decline by 6% each on year in May, says Crisil
The cost of home-cooked vegetarian and non-vegetarian thalis declined by about 6 per cent each year on year in May 2025. The decline was due to a sharp drop in prices of key vegetables led by high-base effect, said ratings agency Crisil in its latest Roti Rice Rate report. 'Tomato prices fell ~29 per cent to Rs 23/ kg from Rs 33/kg in May 2025 as concerns over yield had lifted prices last year. Prices of onion and potato declined 15 per cent and 16%, respectively, on year as potato prices had shot up last year due to crop damage following blight infestations and unseasonal rainfall in West Bengal, while onion prices had increased due to lower rabi acreage and yield, as water availability in key growing states – Maharashtra, MP and Karnataka was low,' the report said. 'Thali costs diverged marginally on-month in May 2025, with vegetarian thali holding steady and non-vegetarian thali becoming about 2 per cent cheaper. While tomato and potato turned dearer, prices of onion declined, keeping the vegetarian thali cost stable sequentially. The cost of non-vegetarian thali, however, eased due to a decline in broiler prices,' said Pushan Sharma, Director, Crisil Intelligence He added, 'Going ahead, we anticipate an uptick in vegetable prices owing to seasonal variations and a slight easing in prices of wheat and pulses amid strong domestic output. Meanwhile, rice prices are expected to rise, with a likely 20–25 per cent increase in exports because of competitive pricing in the global market.' A 19 per cent on-year jump in vegetable oil prices due to a rise in import duty and a 6 per cent on-year rise in the price of liquefied petroleum gas cylinder prevented a further drop in thali cost, said Crisil. Along with lower vegetable prices, an estimated 6 per cent on-year decline in the price of broiler made non-vegetarian thalis cheaper. 'The decline in prices of broiler — which makes up about 50 per cent of the non-vegetarian thali cost — was due to oversupply and lower demand amid bird flu reported in parts of Maharashtra, Andhra Pradesh, Telangana and Karnataka,' the report said. 'On-month, the cost of a vegetarian thali remained stable, while that of non-vegetarian thali reduced nearly 2 per cent in May 2025. Potato and tomato prices rose 3 per cent and 10 per cent on-month, respectively, while onion prices dipped 10%, thereby keeping the vegetarian thali cost unchanged on month. An estimated 4 per cent month on month decline in broiler prices contributed towards the decline in the non-vegetarian,' said Crisil. 'The average cost of preparing a thali at home is calculated based on input prices prevailing in north, south, east and west India. The monthly change reflects the impact on the common man's expenditure. The data also reveals the ingredients (cereals, pulses, broilers, vegetables, spices, edible oil and cooking gas) driving the change in the cost of the thali,' the report said. A veg thali comprises of roti, vegetables (onion, tomato and potato), rice, dal, curd and salad. A non-veg thali has the same elements, except dal, which is replaced by chicken (broiler); broiler prices for May 2025 are estimated figures; weightage of ingredients does not vary based on volatility in commodity price.
