Minimal impact of Israel-Gaza conflict on Indian auto industry, says SIAM President

  • Industry News
  • Oct 20,23
The impact of the Israel-Gaza conflict on the Indian auto industry has been minimal, according to Vinod Aggarwal, President of the Society of Indian Automobile Manufacturers (SIAM).
Minimal impact of Israel-Gaza conflict on Indian auto industry, says SIAM President

The impact of the Israel-Gaza conflict on the Indian auto industry has been minimal, according to Vinod Aggarwal, President of the Society of Indian Automobile Manufacturers (SIAM). He stated that there has been no immediate impact on the industry, attributing this to India's low dependence on Israel for trade. When asked about potential logistics-related issues, Aggarwal mentioned that the situation needs to be monitored, and if the conflict escalates, there might be more concerns. As of now, there are no significant worries regarding the conflict's impact on the Indian auto industry.

Source: Business Standard

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