The decision of US President Donald Trump to end waiver enjoyed by countries including India on Iran oil imports may cause further difficulties for India’s automobile sector.
RC Bhargava, Chairman of Maruti Suzuki India Ltd, cautioned that domestic factors, coupled with latest international developments, may impact the demand.
Bhargava said, “This year we have Mr Trump putting an embargo on Iran oil, implementation of BS-VI and also safety regulations. If none of those factors was present, I would have said with great confidence that the (auto) demand will pick up. But because of this happening, customer behaviour has become unpredictable.”
