Auto ancillaries sector grew 33% to Rs 5.59 lakh crore in FY23. Vivek Chaand Sehgal of Samvardhana Motherson is the richest billionaire in the industry, followed by Arvind Poddar (Balkrishna Industries) and Nirmal Minda (UNO Minda).
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Vivek Sehgal, Arvind Poddar Richest in Auto Ancillaries
Auto ancillaries sector grew 33% to Rs 5.59 lakh crore in FY23
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As railways mirror the pulse of industrial traction, it seems the once-steady drivers of growth are now losing steam.
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Auto makers hope the onset of festive season will bring in good tidings.
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