"original-equipment-manufacturers"

The research and development facility would reportedly focus on research, design, testing and providing support to third-party manufacturers

Besides, the report pointed out that consumer demand for the 2W segment remained tepid, at up 4 per cent YoY.

ICRA noted that despite the short-term headwinds, it expects the domestic auto component industry to register a 20-23 per cent revenue growth in the current fiscal year.

According to Gartner, chief supply chain officers (CSCOs) must work with partners across the business to overcome those barriers and enable their CEO's digital business ambitions.

The funds will be utilised to strengthen its footprint pan-India