Auto Industry Outlook 2024. “[it will be] weighed down by slow consumer spending, high. The automotive industry will face another subdued year in 2024, weighed down by slow consumer spending, high interest rates and.
— in july 2024, the automotive component manufacturers association of india (acma) released a report on the auto component industry performance review for the. The automotive industry will face another subdued year in 2024, weighed down by slow consumer spending, high interest rates and disruption to supply chains due to geopolitical tensions.