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The Economic Times

Top News / The Economic Times

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Luxury carmakers' gold-leafed Gulf profits are under threat from Iran war

Luxury carmakers face a significant challenge as the Middle East market, vital for high profits, is under threat. Regional conflict has led to temporary showroom closures and a slump in demand. This comes as global demand for luxury vehicles weakens. Automakers are closely monitoring the situation, with some reporting a notable drop in business.

30 Mar 2026 12:03 pm