India's automotive plants might shut by June-end due to China's export restrictions on rare earth magnets, Federation of Automobile Dealers Associations (FADA) President CS Vigneshwar said. "Centre needs to probably liaise with China and sort things," Vigneshwar added. As per FADA data in May, passenger vehicle sales fell 3.11% YoY, while commercial vehicle segment saw a decline of 3.71% YoY.
short by
Shristi Acharya /
06:42 pm on
07 Jun