India’s automotive industry is navigating a challenging phase marked by rising commodity prices and growing uncertainty in global trade, according to Nirmal Minda, president, Assocham. This comes even as long-term demand fundamentals and the transition towards electric mobility continue to provide optimism for the sector, Minda told The Times of India.
Industry leaders say manufacturers and auto component suppliers are increasingly feeling the impact of higher raw material costs, particularly in key inputs such as plastics, aluminium and tungsten. The rise in commodity prices has added pressure across the supply chain at a time when companies are already dealing with margin constraints and evolving consumer preferences.
