Weak auto sales, rising costs may hit ancillary cos in near-term: Analysts

Quick Summary:

Analysts believe movement in input costs will remain a key monitorable for auto ancillary companies ahead as any further rise in costs, along with low realisations, may put pressure on margins.

Domestic sales of passenger vehicles (PVs) dropped 2-3 per cent year-on-year (Y-o-Y) to about 355,000 units in August.

Jamna Auto Industries, on the contrary, have lost 4.46 per cent, respectively, during the period.

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Category: BusinessFinance

Markets: IndiaChina

Topics: Cv sales Passenger vehicle sales Business standard Stock market today Nse nifty Bse sensex Pv sales Auto sales august Auto ancillary companies Auto sales data

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Article Type: News Report

Published On: 2024-09-05 @ 07:25:41 (6 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 716 words

Reading Time: 4 minutes read

Sentences: 31 lines

Sentence Length: 24 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 22371105

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