Geopolitical tensions and U.S. tariff-related spill-over effects could temper consumer sentiment, while rare earth curbs may further limit car supply and retail volumes, India’s Federation of Automobile Dealers Association (FADA) said on Monday.
However, above-normal monsoons should bolster rural demand in the near-term, FADA said.
Mumbai: Czech carmaker Skoda Auto’s India unit is targeting 2026 sales of more than 100,000 vehicles, which will be more than twice its annual sales in recent years. That number may still seem small when compared with the sales volume of Maruti Suzuki, the local market leader that sells one and a half times as […]
European auto major Skoda Auto Volkswagen India on Monday said while it does not support the new reciprocal tariff imposed by the Trump Administration, which have now been paused for 90 days on non-retaliating countries, the move may open up opportunities for the industries in the long term. Earlier, the group, which is battling a […]
Squeezed for supplies, automakers have made a three-pronged suggestion to improve supplies of rare earth magnets over the next three years to reduce dependence on China. The Indian auto industry made a presentation to the ministry of heavy industries last week detailing strategies to attain self-sufficiency in supply chains. It suggested incentives for Indian companies […]