The performance of auto component makers is expected to remain subdued in the September quarter this fiscal over the year-ago period, but may witness significant improvement on a sequential basis, rating agency Icra said on Thursday.
For 2020-21, it expects the revenue of auto ancillaries, except tyre segment, to drop by 16-20 per cent following the double-digit decline during FY2020.
Tyre manufacturers, according to the release, are expected to perform better, with revenue decline likely to be in the high single-digit.