| SME or auto-parts manufacturers are facing | | | | of auto parts and then subsequently of auto |
| difficulties due to rising inflationary pressures and | | | | manufacturers. |
| ever-changing Government policies. The auto | | | | These auto component manufacturers are |
| component sector is dependent upon auto | | | | already manufacturing large number of |
| manufacturers. | | | | components and they canât enhance |
| Itâs like auto part manufacturers are | | | | their sales to cover-up their losses through |
| suffering from surge in commodity prices, hikes in | | | | increase in production. Secondly, they are involved |
| interest rates, partial roll-back of excise duties, are | | | | in the manufacturing indirectly. Therefore, they |
| some of the most pertinent short-term challenges | | | | want small sized component manufacturer to |
| faced by auto sector. This will lead to price-hike | | | | start thinking before it gets too late. |