The rare Earth magnet crisis, geopolitical tensions to influence car sales, warns Fada

In a Monday Memorandum, the Federation of Automobile Dealers (FADA) warned that it will reach the rare land magnet crisis, the geopolitical tensions and the American definitions in local car sales.

“Advanced geopolitical tensions and potential domains of American tariff measures require the management of vigilant supply chain and can reduce consumer morale. Also, the challenges in securing rare land materials have stopped producing components, restricting more supplies and retail sales.”

This development comes at a time when retail sales of the local auto market increased by 4.85 % year on an annual basis in the quarter of April to June 26. From this, two -wheelchair sales increased by 5.02 % on an annual basis, and three -wheeled sales increased by 11.79 % on an annual basis, and tractor sales increased by 6.29 % on an annual basis,, Passenger vehicle sales increased by 2.59 % and commercial vehicle sales increased by 1 % on an annual basis.

“While 2W has shown some softness in the early cycle, we are still confident of a strong increase in the coming months with the effect of seasonal demand and target OEM initiatives,” says C vigneshwar.

In June, local retail sales increased by 4.84 % on an annual basis to 20,03,873 units, compared to 19,11354 units in the same period last year. The two -wheeled sales increased by 4.73 % during the month under review to 14,46,387 units, compared to 13,81,040 units in the same period last year. The three -wheel sales increased by 6.68 % year on an annual basis to 1,00,625 units compared to 94326 units. Passenger vehicle sales increased by 2.45 % to 2,97,722 compared to 2,90,593 units in the same period last year. Commercial vehicle sales increased by 6.6 % to 73,367 units, compared to 68,825 units in the same period last year.

In the short term, FADA expects to boost regular monsoon winds from rural areas even as rainfall areas are very heavy and put logistical complications. “Early Sowing, an increase of 11.3 % year on an annual basis to 262.15 hectares, emphasizes the strongest income of the farm and leads to two wheels in remote areas. Fada.