After US, Mexico Slaps Up to 50% Tariffs on Indian Goods; Major Hit to Auto Exports
Mexico Moves Toward Protectionism, Imposes Up to 50% Duties on Goods From India and Other Asian Nations Starting January 2026.
Mexico Moves Toward Protectionism, Imposes Up to 50% Duties on Goods From India and Other Asian Nations Starting January 2026.
Overall passenger vehicle (PV) sales growth in India stood at 4.3 million units in 2024-25, which was just 2 per cent higher year-on-year, according to Society of Indian Automobile Manufacturers (SIAM) data.
Retail sales of automobiles during the festival season grew 12 per cent compared to the previous year, led by two-wheeler sales on the back of strong demand
The company has also introduced first-in-India iMT technology paired with a diesel engine on the refreshed Kia Seltos.
According to the company, the upward revision has been necessitated to partially offset the impact of increasing commodity prices.
Auto India on Friday announced that it has commenced the production for its upcoming Slavia sedan in the Indian market.