New Delhi, Jan. 8 -- The auto component sector is expected to benefit from a strong order pipeline and a recovery in demand across passenger vehicles (PV), two-wheelers (2W) and three-wheelers (3W) following the recent GST cut, highlighted a report by Centrum.

The report stated the improvement in demand across key vehicle segments is likely to support volume growth for auto original equipment manufacturers (OEMs) as well as ancillary companies.

The recovery is expected to be driven by improved vehicle sales after the GST cut, which has eased cost pressures and supported consumer demand.

It stated "We expect the bearings sector to benefit from a strong order pipeline and a demand recovery across PV, 2W and 3W segments following the GST ...