New Delhi, March 9 -- The global automobile industry is facing structural headwinds, including tariff-related pressures, elevated raw material costs, and persistent supply chain disruptions. A recent report by Elara Securities noted that shortages of memory chips have emerged as the latest challenge impacting production.

According to the report alongside these challenges, global automobile demand is also facing macroeconomic headwinds, with the start of calendar year 2026 (CY26) remaining muted despite moderate growth recorded in the previous year.

It noted that global passenger vehicle (PV) sales grew by around 4.5 per cent year-on-year in calendar year 2025 (CY25). Among major markets, China posted the strongest growth at 9.1 per cent...