India to hold off on US trade deal amidst new probe by Trump, sources say

The auto sector, while primarily domestic-focused, can be indirectly affected by broader trade policies impacting economic growth and consumer sentiment. Any friction in trade relations could lead to a cautious outlook for export-oriented auto components or vehicles.

• •India will delay signing a trade deal with the United States for several months.
• •New investigations by the US administration have created friction.
• •India expects to sign an interim deal later.
• •India will take a wait and watch approach.
• •Risk flag: Escalation of trade tensions leading to tariffs or non-tariff barriers.