Auto Parts Industry May Slow in H2, Pins Hopes on Trade Deals
ACMA President Vikrampati Singhania says India's auto component industry may face a slowdown in the second half, but trade deals with EU, UK, and New Zealand could help diversify exports.
ACMA President Vikrampati Singhania says India's auto component industry may face a slowdown in the second half, but trade deals with EU, UK, and New Zealand could help diversify exports.
The Automotive Component Manufacturers Association president warns of a slowdown in the second half of the fiscal year, citing global economic pressures and supply chain issues.
ACMA reports steady H1 growth but warns US tariffs will hit exports in second half. Trade deficit emerges as imports outpace exports, while domestic demand provides cushion.