ICRA on the Rooftop Solar Power Sector

Strong growth potential for solar rooftop PV projects; regulatory issues persist over implementation of net metering regulations: ICRA ICRA believes that the recent 500 MW SECI tender for award of rooftop solar PV projects is likely to jumpstart the domestic rooftop solar power
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ICRA on Telecom Sector

Moderation in capex intensity impacted quality of services of telcos; expected to improve going forward. Over the last few quarters, the quality of services of the telecom operators (telcos), manifested by frequent call-drops experienced by users, has come under the scanner. According to
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India Automobile Industry Analysis

Improved macroeconomic environment (faster GDP growth, easing financing cost, fuel cost) and slew of launches, especially in compact car and UV segment supported growth during FY2016. Share of mini segment is on declining trend, as some first time buyers are directly graduating to compact/super
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India Two Wheeler Sector

Cyclical recovery likely but prefer 4W to play the same. A good monsoon and a pickup in the pace of the economic recovery should augur well for auto volumes. In our view, it is much better to play this recovery through 4W rather than 2W. Not only is the cyclical correction deeper in 4W vs 2W (2%
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Sweeter days ahead for the Sugar Industry.

ICRA estimates domestic sugar production at around 25.5 million metric tonnes (MT) during the sugar year1 2016 (SY2016), a decline of 10% over the previous year. This was mainly driven by a drought in the largest sugar producing State, Maharashtra, which impacted sugarcane availability. Lower
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