Ceat looks to pass tariff hike to US buyers

India’s fourth-largest tyre maker, Ceat Ltd, expects to pass on the entire price hike arising from higher US tariffs to its customers in that market, becoming arguably the first Indian auto ancillary company to signal its intent to fully offset President Donald Trump's tariff increase.

- Ayaan Kartik [e-mail]

Ceat's exports to the US largely originate from its Camso facilities in Sri Lanka.

Ceat’s exports to the US originate largely from its recently-acquired Camso’s facilities in Sri Lanka, with its India units’ exports to the country comprising only a 3% of its total shipments.

In a move that could set the tone for other Indian automobile component exporters to the world’s largest economy, Ceat, part of the Harsh Goenka-led RPG Group, said it plans to fully transmit the impact of the tariff hike to customers, albeit with a lag.

Ceat's exports to the US largely originate from its Camso facilities in Sri Lanka.