Global automakers eye India as reciprocal tariffs on China raise vehicle costs in US: Nomura

Nomura's report suggests that increased US tariffs on Chinese imports could benefit Indian auto part manufacturers as global automakers seek alternative suppliers. While the US-China trade tensions may negatively impact US demand and Indian discretionary consumption, India's ongoing negotiations for a bilateral trade agreement with the US could improve its competitive position by 2025.

from Auto-Industry-Economic Times https://ift.tt/Al9WcY8