New Delhi, April 14 -- The ongoing conflict in West Asia is beginning to cast a shadow over India's automobile industry, creating supply chain stress, pushing up logistics costs and raising concerns over availability of key raw materials, even as underlying demand fundamentals remain intact, according to Society of Indian Automobile Manufacturers (SIAM) President Shailesh Chandra.
Addressing mediapersons here on Tuesday, Chandra painted a nuanced picture of an industry navigating a complex external environment while remaining cautiously optimistic about growth.
"It has definitely created some stress on the supply side," Chandra said, pointing to disruptions in the supply of LPG -- a key input used in auto manufacturing processes such as...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.