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Home News Item India auto component industry, with its small market share, may not face brunt of US reciprocal tariffs: Report
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India auto component industry, with its small market share, may not face brunt of US reciprocal tariffs: Report

februari 17, 2025by Reacties uitgeschakeld voor India auto component industry, with its small market share, may not face brunt of US reciprocal tariffs: Report

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New Delhi [India], February 17 (ANI): India’s auto component industry is expected to face only a limited impact from the potential reciprocal tariffs proposed by US President Donald Trump on auto industry, according to a report by Nomura.

The report highlights that India accounts for just 3 per cent of the USD 97 billion worth of auto components imported by the US from outside North America in 2024.

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