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India may gain as US-China trade tensions push automakers to diversify: Report
Amid US-China trade tensions, Indian auto component manufacturers may benefit as global OEMs seek alternative suppliers due to rising tariffs on Chinese imports. While the US imposes tariffs on Indian auto parts, a potential bilateral trade agreement by 2025 could enhance India's competitive position. However, escalating trade wars and weakening US growth could pressure discretionary consumption in India.
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