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US Tariffs to Dent Auto Parts Exports: ICRA
The Business Guardian
|April 29, 2025
The Indian auto component industry faces fresh headwinds as newly imposed US tariffs threaten to dent exporters' earnings significantly, according to ICRA.
The rating agency estimates that the tariff-related impact could erode operating profits by Rs2,700-4,500 crore, equivalent to 10-15 per cent of the operating profits of auto component exporters and 3-6 per cent of the overall industry's operating profits.
ICRA projects that revenue growth for the Indian auto component sector, represented by a sample of 46 key players with combined annual revenues of over Rs3 lakh crore in FY2024, could moderate to 6-8 per cent in FY2026, down from the earlier forecast of 8-10 percent.
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