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EV Battery Makers Stare at Trump Tariff Blowback
Hindustan Times Gurugram
|April 01, 2025
Tariffs to raise prices in US; foreign firms may flood India with cheap batteries
NEW DELHI: India's electric vehicle (EV) battery makers could face collateral damage from the Trump tariffs, as foreign manufacturers unload cheap batteries here just as the local companies were ramping up production.
India's fast-growing EV market could absorb the diverted supply and drive down costs for local automakers, experts said, adding that also spells trouble for companies such as Amara Raja Energy & Mobility Ltd, Exide Industries Ltd, Reliance Industries Ltd and Ola Electric Ltd, which are investing billions to build battery plants.
Cette histoire est tirée de l'édition April 01, 2025 de Hindustan Times Gurugram.
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