India: Leading automaker raises ADC12 May'26 settlement by INR 44,100/t
A leading Indian automaker has set its ADC12 settlement price at a record INR 365,000/t for May 2026, up by INR 44,100/t month-on-month, marking the highest level so far. The increase is attributed to a rise in raw material and other input costs, along with low scrap availability as imports into India remain limited, while auto demand has remained stable month-on-month.