‘Auto demand healthy despite rise in input cost’
NEW DELHI: India's automotive industry is facing mounting pressure from rising commodity prices and global trade uncertainty, even as long-term demand and the shift towards electric mobility continue to support growth prospects, Assocham president Nirmal Minda said.He told TOI that raw material costs across plastics, aluminium and tungsten had increased sharply, putting pressure on manufacturers and suppliers alike. "The cost…
Key Insights
- This topic is currently trending
- Experts are closely monitoring developments
- It may impact future decisions
