The Automotive Element Producers Affiliation of India (ACMA) on Thursday mentioned it’s ready for the detailed record of auto elements that will likely be topic to 25 per cent import tariff within the US.
The business physique mentioned that it has taken word of the current govt order signed by the US President Donald Trump on April 2, as a part of the “Liberation Day” initiative.
“We perceive the intent of the US administration to spice up home manufacturing and handle commerce imbalances. It’s to be famous that autos and auto components and metal and aluminium articles, already topic to Part 232 tariffs at 25 per cent, introduced earlier in President Trump’s order on March 26, 2025, will not be coated within the aforementioned order,” Shradha Suri Marwah, President, ACMA, mentioned.
Suri, who can also be the Chairman and Managing Director of Subros, mentioned that ACMA stays hopeful that the continuing bilateral negotiations between the Indian and US governments will result in a balanced decision that advantages each economies.
“We imagine that the robust commerce relationship between India and the USA, particularly within the auto elements sector, will encourage continued dialogue to mitigate the impacts of those measures. ACMA is dedicated to participating with all stakeholders to make sure the long-term pursuits of the Indian auto part business,” she added.
“With US automotive tariffs rising, India’s electrical automobile sector has a main alternative to seize a bigger share of the US market, particularly within the price range automotive phase. China’s 2023 auto and part exports to the US stood at $17.99 billion, whereas India’s had been solely $2.1 billion in 2024, highlighting the potential for development. To speed up this, the federal government ought to improve the PLI scheme by together with extra auto elements, opening it to new gamers, and increasing it by two years,” Saurabh Agarwal, Companion & Automotive Tax Chief EY India, mentioned.
