Kaynes Tech may shift production to US, Canada to avoid high tariff

As exports of finished goods attract levies, it is planning final assembly in North America

- SANAL SUDEVAN

BENGALURU-based electronics manufacturer Kaynes Technology may shift some of its products in the US and Canada to mitigate the impact of American tariffs.

Speaking to TNIE, Jairam Sampath, Chief Financial Of ficer of Kaynes Technologies, said the company is dealing with the US tariff situation in two ways-first, by absorbing additional costs wherever possible, and second, by transferring part of its production to the US and Canada.

"We are analysing whether we can do the bulk of the work in India and then shift a portion of the production to our entities in the US and Canada," he said, adding that not all categories of electronic goods currently attract tariffs.

"Some parts and components are tariff-free, but levies are imposed on finished goods.