Challenges Facing the Indian Automotive Industry
Challenges Facing the Indian Automotive Industry
While the Indian automotive industry is experiencing robust growth, it also faces several challenges that could impact its future trajectory. Here are some of the key challenges:
Supply Chain Disruptions: The COVID-19 pandemic highlighted vulnerabilities in the global supply chain, affecting the availability of components and raw materials. Manufacturers are working to build more resilient supply chains to mitigate future disruptions.
Rising Input Costs: Increasing prices of raw materials, such as steel and aluminum, are putting pressure on manufacturers' margins. Automakers need to find ways to manage costs while maintaining quality and competitiveness.
Regulatory Compliance: Stricter emission norms and safety regulations require significant investments in technology and infrastructure. Compliance with these regulations can be challenging for manufacturers, especially smaller players.
