Tag: rare earth shortage auto
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India: Auto sales drop y-o-y in Q1FY’26; weak urban demand drags down PV segment
PV sales hit 2-year low in Jun’25 Supply chain issues challenge auto production outlook India’s total vehicle sales dropped by 5.1% settling at 6.07 mnt y-o-y in the first quarter (April-June) of FY’26, though there were modest gains in exports and utility vehicles (UVs). However, this was offset by weaker domestic demand in key categories,…