Import duties, Trump, and Tesla-India's auto sector caught in the crossfire

There is also the fact, noted in a release by the Automotive Component Manufacturers Association of India (ACMA), that autos and auto parts as well as steel and aluminium articles were already covered by the 25 per cent tariffs announced by the US last month. "ACMA remains hopeful that the ongoing bilateral negotiations between the Indian and U.S. governments will lead to a balanced resolution that benefits both economies," said ACMA president Shradha Suri Marwah. But here is the funny thing. Some of the larger Indian automotive component makers like Samvardhana Motherson already have manufacturing plants in Canada and Mexico,…