Tuesday, August 26, 2025

Auto parts firms consider offshore plants amid US tariffs

Indian auto parts makers are grappling with a newly doubled 50% tariff on exports to the US, impacting $3.08 billion worth of goods. Companies are considering diversifying into other markets and shifting manufacturing to locations like Mexico to mitigate the tariff's effects.

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

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