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15 Apr, 2025
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Monthly Indian car shipments fall again in sign of cooling demand
@Source: nikkei.com
Monthly Indian car shipments fall again in sign of cooling demand - Nikkei Asia Automobiles Monthly Indian car shipments fall again in sign of cooling demand Fiscal year has ended on a weak note despite increase overall Tata Motors' Nexon and Nexon.ev models outside a hotel in New Delhi. © Reuters SAYAN CHAKRABORTY April 15, 2025 17:49 JST BENGALURU -- Automakers in India have shipped fewer cars to dealers for the second month in a row as stunted wage growth and sticky inflation drag down demand in the world's third-largest auto market. The Society of Indian Automobile Manufacturers (SIAM) said Wednesday that such shipments totaled 329,742 in March, a just under 0.5% decrease from February but a 3.7% increase year on year. Apple ramps up India, Vietnam production as tariff safe harbors Trump tariffs Trump considers auto tariff pause amid world economic whiplash India's TCS expects Trump tariffs to weaken demand after tepid year Business trends Private capital chases Indian consumers despite slowing economy India's central bank cuts rates again as inflation slows Climate Change India's small businesses count cost of earlier summers India speeds up arms procurement to hasten military overhaul Latest on Automobiles Automobiles Honda considers increase in U.S. production to meet 90% of local sales Automobiles Tesla stops taking orders in China for two U.S.-made models Automobiles Toyota to increase EV models to 15, diversifying production to 5 countries Sponsored Content About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.
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