The new tariffs, set to take effect on February 10, provide a short window for potential negotiations between the two countries says a report by S&P Global Market Intelligence.
The two-wheeler (2W) segment, however, could see some relief as weak domestic demand may be offset by stronger export recovery. Meanwhile, the tractor industry, projected to grow at 7 per cent y-o-y, may witness an upside if healthy demand traction continues.
Union Budget raising the income tax exemption limit to Rs 12 lakh is expected to give a big boost to the demand of 2-wheelers (2Ws) and passenger vehicles (PVs) according to a report by the global brokerage firm Jefferies.
The volume of two-wheelers (2Ws) and tractors will grow at a compounded annual growth rate (CAGR) of 13 to 15 per cent, outpacing passenger vehicles (PVs) and trucks between financial year (FY) 2025-27, stated a report by Jefferies an investment banks and financial services company.
Maruti Suzuki India Limited (MSIL), a passenger vehicle manufacturer, on Tuesday, said that the company will present a blueprint of its efforts to develop an electric ecosystem in the country called 'e For Me'.
The industry, which was valued at USD 36.1 billion in H1 FY24, surged to USD 39.6 billion in H1 FY25. Several trends have emerged in the market, with consumers shifting towards larger and more powerful vehicles across all segments.
The total passenger vehicle dispatches from companies to dealer witnessed a 4.1 per cent increase year on year in November to 3,47,522 units, according to a data released by Society of Indian Automobile Manufacturers (SIAM).
The two-wheeler (2W) segment, particularly scooters, registered strong growth this year in the country, outpacing the motorcycles segment, according to a report by Motilal Oswal.