US President Donald Trump has again shocked the world with his tariff policy. This time the target has been Heavy Duty Truck Industry. Trump announced on his social media platform Trucks worth $15.6 billion came from Mexico and $4.5 billion from Canada. Although the export of trucks from India is nominal, a large part of auto components goes to America. India’s exports worth $6.79 billion (about ₹60,000 crore) are now in danger. This Tariff may cause a loss of ₹ 10,000 to ₹ 12,000 crore to Indian companies. There will be a direct impact on the revenue of companies like Sipra Engineering, RK Industries, Sona Comstar and Samvardhana Motherson because 20-25% of their earnings come from America. This Tariff will not only affect the American Truck Industry will also shock the global supply chain.
US Tariff Attack: ₹12,000 crore blow to India’s auto exports. Money Live | US Tariff Attack: India’s Auto Exports Hit by ₹12,000 Crore
