Asian manufacturers will do best in Indian auto sector
Tuesday, September 28, 2021
Significance
Days earlier, Ford said it would stop making vehicles for sale in India. It blamed persistent overcapacity and a lack of growth in the country’s car industry.
Impacts
- The auto sector will attract increasing foreign direct investment from Asian manufacturers.
- Sales of electric two-wheelers will rise.
- Imports of Chinese auto components will decline in the long term.