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India's auto sector risks disruption from West Asia conflict.
FADA President C.S.
Vigneshwar warns that a prolonged conflict in West Asia could disrupt India's automobile sector by impacting exports and the supply of critical materials like oil, aluminium, and lithium.
While the domestic market remains strong with recent growth, geopolitical tensions may hinder production and international trade.
Vigneshwar emphasizes the need for India to develop domestic lithium reserves and accelerate battery manufacturing to support the growing electric vehicle sector, which is seeing increased adoption in two-wheelers and passenger vehicles.
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El sector automotriz de la India corre el riesgo de interrupción por el conflicto de Asia Occidental.