Anti-pollution and safety measures to benefit Wabco & Bosch, Ramkrishna Forgings
The industry is also worried about rising imports. India is a net importer of these components and these grew 1.8% to $13.8 bn in 2015-16
ICRA expects the industry to clock 8-10% growth for FY17
Medium and heavy commercial vehicle segment likely to stay robust but slow down to 13-15% given increased base in FY2016