The challenges for component manufacturers will be further compounded by the sharp increase in commodity prices, which are generally passed through to original equipment manufacturers (OEMs) with a lag of 3-6 months, ICRA noted.Auto component suppliers to see 70% dip in operating profits in Q1 due to COVID restrictions: ICRA
The challenges for component manufacturers will be further compounded by the sharp increase in commodity prices, which are generally passed through to original equipment manufacturers (OEMs) with a lag of 3-6 months, ICRA noted.
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