Thailand’s ultra-luxury car segment is expected to decline this year due to economic slowdown and US tariffs on foreign-made vehicles, affecting brands like Land Rover and Jaguar
Jyoti Malhotra, Managing Director of Volvo Cars India, discusses the luxury car market’s growth, the impact of Tesla’s entry, and the future of electric vehicles in India.
Chinese electric vehicle makers like BYD and Xpeng are expanding rapidly in global markets, while high tariffs keep them out of the US, potentially isolating American drivers from affordable EVs.
