New Delhi, Aug. 29 -- The Automotive Tyre Manufacturers' Association (ATMA) on Thursday warned that the steep US tariff hike will significantly constrain Indian tyre makers' ability to sustain the strong export momentum built over recent years, urging immediate policy support to mitigate the impact.
Tyre exports from India to the US, its largest overseas market, now face a 50 percent tariff on most categories and 25 percent on specific categories.
Competing economies such as China, Thailand, Vietnam, Cambodia and Indonesia continue to attract much lower tariffs, placing Indian manufacturers at a 'distinct strategic disadvantage', ATMA said.
"The hike in US tariffs will severely constrain the ability of Indian manufacturers to sustain e...
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