Try GOLD - Free
Trump tariffs could cost 3% of annual revenue: Sona Comstar
Mint Chennai
|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.
This story is from the May 01, 2025 edition of Mint Chennai.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mint Chennai
Mint Chennai
Memories and moments from the end of life
Soumya Sankar Bose's new body of work is inspired by a forgotten journal found on a train
4 mins
May 02, 2026
Mint Chennai
The global quest to define ‘people like us’
From India's voter purges to US birthright debates, nations worldwide are grappling with who belongs and who doesn't, sparking a fundamental rethink of citizenship
5 mins
May 02, 2026
Mint Chennai
How Malayalam cinema caught fire
S.R. Praveen's 'Ticket to Kerala' is a good primer on the history and the ongoing vitality of Malayalam cinema
5 mins
May 02, 2026
Mint Chennai
If there's a queue, it must be ‘benne dosa’
The buttery ‘dose’ from Karnataka has caught everyone's imagination, and seems to be far more than a passing trend
4 mins
May 02, 2026
Mint Chennai
Govt may dial PE giants for Reits with state-run firms
The Centre is exploring partnerships with real estate-focused global investors to form real estate investment trusts (Reits) that will house optic fibre networks and land assets of central public sector enterprises (CPSEs), multiple people with knowledge of the matter said.
2 mins
May 02, 2026
Mint Chennai
A constant gardener
STREAM OF STORIES RAJA SEN
4 mins
May 02, 2026
Mint Chennai
THE CHRONICLER OF INDIA'S EVERYDAY
Very few captured the spirit of 'live theatre' that unfolded in India like Raghu Rai. His portraits of key personalities too caught the pulse of the moment
2 mins
May 02, 2026
Mint Chennai
Too many games, too little recovery time
World football is in a crisis of ruthless scheduling. Most top players play 60-70 games a season without a real break
3 mins
May 02, 2026
Mint Chennai
When the angry young women of Bengal speak out
Bengali writer Kabita Singha’s debut novel in translation revives her feminist legacy for a new generation of readers
4 mins
May 02, 2026
Mint Chennai
Oil giants who wrote off Venezuela are taking a second look
Rising above the din of voices in the lobby of the J.W. Marriott in Caracas is an unusual sound: Spanish spoken with a Texas twang.
4 mins
May 02, 2026
Listen
Translate
Change font size