India car sales to dealers rise for fifth month in February, industry body says; Mideast risks loom
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India's car sales to dealers increased for the fifth consecutive month in February, with passenger vehicle dispatches rising 10.6% year-on-year to 417,705 units, driven by tax cuts. However, concerns over the ongoing Middle East crisis could impact manufacturing and exports, particularly to Africa and the Middle East. Analysts expect domestic demand to remain strong, supported by the wedding season and new model launches, but warn of potential near-term production disruptions due to gas shortages. The auto industry contributes 7.1% to India's GDP, and growth is anticipated to continue for several quarters due to tax reductions.
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