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Sat. May 23rd, 2026

Rising costs, trade uncertainty weigh on India’s auto industry: Assocham chief

India’s auto sector is navigating rising commodity prices and global trade worries. Despite these challenges, strong consumer demand and the move to electric vehicles offer growth. Manufacturers are investing in EV technology. Increased localization and research are key to reducing reliance on foreign components. The MSME sector also faces concerns amid global uncertainty.
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