Automobile Parts & Accessories: Plant closures to hinder stable margins trend – By JS Research

<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">We review the Auto Parts industry performance for 2QFY23 results wherein the sector broadly managed to turn losses from last quarter into profits with positive contribution from ATBA, PTL &amp; GTYR. On the other hand, performance for AGIL &amp; LOADS deteriorated, returning to losses.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">The segment however faces multiple challenges where following in the footsteps of the automakers, some auto part companies such as GTYR &amp; AGIL have announced plant closures citing low demand as the culprit.</span></li></ul><ul><li><span style="font-size:medium;line-height:107%;font-family:Arial, Helvetica, sans-serif;">With automakers struggling on both the demand ...