New Delhi, Feb. 9 -- India's top two-wheeler makers, Bajaj Auto Ltd, TVS Motor Company Ltd and Hero MotoCorp Ltd, say deeper localization and flexible manufacturing will help them blunt the impact of higher tariffs in Mexico, India's largest two-wheeler export market by value.

Senior management at the three listed companies assured investors that exports to Mexico would not face material disruption, citing local assembly arrangements and the ability to shift production across geographies if required.

Mexico imposed a tariff hike in December on imports from countries without a free trade agreement (FTA), including India. The duty on imported two-wheelers has risen to around 35%, from an earlier range of 15-20%, with the higher levies com...