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ICRA warns of hit up to Rs 4,500 crore to Indian auto component exporters amid US tariffs

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New US tariffs are expected to significantly impact India's automotive component sector, potentially reducing operating profits by 10-15%. ICRA forecasts a moderation in revenue growth for FY2026 due to anticipated decline in US exports. Despite these challenges, India aims to leverage its cost competitiveness and is seeking relaxed export controls and enhanced tech access from the US.
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