In the financial year 2024, India exported auto components worth $21.2 billion, contributing to the global auto component market, which stands at $1.2 trillion.

Trump’s 25% tariff on auto components may impact Indian firms like Tata Motors, Sona BLW, and Bharat Forge as the U.S. remains a key export market.

Ignoring diplomatic efforts and investment pledges, President Trump said he would impose tariffs that are expected to deal a blow to American neighbors and allies in Asia and Europe.

Read President Donald Trump's proclamation imposing new auto tariffs on cars and light-duty trucks made outside the U.S.

U.S. President Donald Trump on Wednesday unveiled a 25% tariff on imported cars and light trucks starting next week, widening the global trade war he kicked off upon regaining the White House this year in a move auto industry experts expect will drive up prices and stymie production.

President Donald Trump’s 25% tariffs on autos not made in the U.S. and certain auto parts will send ripple effects through an industry that is already being pummeled by steel and aluminum import duties and on-again,

President Trump’s 25% tariffs on auto imports could put a financial squeeze on automakers that depend on global supply chains.

President Donald Trump on Wednesday followed through on weeks of threats for new tariffs on imported cars, saying a 25% import tax on vehicles not built in the U.S. would kick in next week.