India’s chance to become ‘self-reliant’ in automobile production, says expert amid U.S. tariff jitters

Record ID: 1987719

  • Title: India’s chance to become ‘self-reliant’ in automobile production, says expert amid U.S. tariff jitters
  • Date: 2nd April 2025
  • Summary: BANGKOK, THAILAND (APRIL 2, 2025) (REUTERS) (SOUNDBITE) (English) UNICEF EAST ASIA AND PACIFIC REGIONAL CHIEF OF ADVOCACY AND COMMUNICATION, ELIANE LUTHI, SAYING: “If we're not able to reach these children, we don't have the support. Yes, there's a risk of children dying, because we know that it's very likely that disease will proliferate, there will be disease in the eart
  • Embargoed:
  • Keywords: Donald Trump India New Delhi President Prime Minister Narendra Modi USA automobile industry cars consumers duties export impact import key sectors loss manufacturing units markets percentage production reciprocal risks sales tariffs tax
  • Location: NEW DELHI/BENGALURU, KARNATAKA/CHENGALPATTU, COIMBATORE, TAMIL NADU/MANESAR, HARYANA/AHMEDABAD, GUJARAT, INDIA
  • City: NEW DELHI/BENGALURU, KARNATAKA/CHENGALPATTU, COIMBATORE, TAMIL NADU/MANESAR, HARYANA/AHMEDABAD, GUJARAT, INDIA
  • Country: India
  • Topics: Asia / Pacific,Diplomacy/Foreign Policy,Government/Politics
  • Reuters ID: LVA002M2YCITR
  • Aspect Ratio: 16:9
  • Story Text: As U.S. President Donald Trump's new tariffs on auto imports jolted car and auto parts makers, industry experts said the tariffs bring an opportunity for India to become 'self-reliant' in manufacturing.
    Asia's emerging markets are bracing for reciprocal U.S. tariffs, set to take effect on Wednesday (April 02).
    Trump has called India a "tariff king", with Washington seeking India to reduce tariffs on products ranging from agricultural goods and alcoholic beverages to automobiles, and greater market access for U.S. companies.
    Auto part makers could compensate for the tariffs by focusing on meeting the requirements of the Indian market domestically, automobile industry expert and President of Federation of Automobile Dealers Associations (FADA), C.S. Vigneshwar said.
    The U.S. currently has a $45.6 billion trade deficit with India. While the U.S. trade-weighted average tariff rate stands at about 2.2%, India's average tariff is significantly higher at 12%, according to World Trade Organization data.
  • Copyright Holder: ANI (India)
  • Copyright Notice: (c) Copyright Thomson Reuters 2025. Open For Restrictions - http://about.reuters.com/fulllegal.asp
  • Usage Terms/Restrictions: None
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