India's $80 bn automobile components industry hunts new roads as Trump tariff hits exports

India’s auto component industry, worth $80 billion with $23 billion exports, faces mixed impact from new US tariffs. While 55% of exports to the US, mainly car and light truck parts, remain at 27.5%, the rest will face 50% duty. Industry leaders warn of pressure on margins, difficulty in shifting markets, and a push for diversification.

from Auto-Industry-Economic Times https://ift.tt/skM9CeZ