New Delhi – “The Automotive Component Manufacturers Association of India (ACMA) welcomes the Reserve Bank of India’s decision to reduce the repo rate by 50 basis points and to ease the Cash Reserve Ratio. These measures, especially in the backdrop of persistent global headwinds, are a timely and proactive step toward stimulating domestic demand and supporting industrial growth.
The reduction in interest rates is expected to translate into lower borrowing costs for both consumers and businesses, thereby providing a much-needed boost to the automotive sector, which has been navigating a complex macroeconomic environment. The infusion of liquidity through the CRR cut will further ease working capital pressures, particularly for MSMEs that form the backbone of the auto component industry.
We remain optimistic that these measures will support sustained growth, enhance consumer sentiment, and help India’s auto component manufacturing sector retain its competitiveness in the global market.”
- Shradha Suri Marwah, President, ACMA
