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Trump tariffs could cost 3% of annual revenue: Sona Comstar
Mint Hyderabad
|May 01, 2025
Auto components maker Sona Comstar said on Wednesday that it can lose about 3% of its annual revenue due to business loss from the impact of Trump tariffs, becoming perhaps the first Indian company to quantify the loss from the sweeping import taxes levied by the US president.
Vivek Vikram Singh, managing director (MD) and group chief executive officer (CEO) of the Gurugram-based company, revealed the estimated loss from Trump tariffs in the January-March earnings call.
"There is risk of losing some business from tariffs, as customers might look to localize some parts. There is going to be impact on the overall demand as well, but there will be clarity on it in the coming months," Singh said during the call.
Dit verhaal komt uit de May 01, 2025-editie van Mint Hyderabad.
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