Moderate revenue growth expected for CV makers next fiscal: CRISIL | Autocar Professional
Baua Electric
MARCH 1, 2024
The growth is expected to be driven primarily by price hikes, as volume growth is forecasted to be modest for medium and heavy CVs (M&HCVs) and flat for light CVs (LCVs). Despite challenges, operating margins are expected to maintain pre-pandemic peaks of around 10%, supported by price hikes and stable raw material prices.
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