India ER&D Firms Face Mixed Q1 FY27, Automotive Weakness Persists

ER&D engineering research and development fiscal 2027

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India's ER&D service companies likely experienced a mixed start to fiscal 2027, with Q1 revenue estimates showing a sequential range from 0.9% contraction to 1.5% growth in constant currency.
Analysts point to a weak automotive market as a significant drag on the sector.

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India's ER&D service companies likely experienced a mixed start to fiscal 2027, with Q1 revenue estimates showing a sequential range from 0.9% contraction to 1.5% growth in constant currency. Analysts point to a weak automotive market as a significant drag on the sector.

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