News 18 India
New Delhi, Dec 12 (PTI) Domestic auto component manufacturers will face enhanced cost pressures with Mexico hiking duties on Indian imports, according to industry body ACMA.
Auto parts exports to Mexico in FY25 stood at USD 834 million, and in the first half of the current fiscal, the shipments stood at USD 370 million.
“Mexico’s revised import duties on non-FTA partners, including India, could add cost pressures for our exporters," the Automotive Component Manufacturers Association of India (ACMA) Director General Vinnie Mehta told PTI.
ACMA remains hopeful that ongoing bilateral dialogue between the two governments will ensure stability and continuity in the growing automotive trade, he added.
India’s auto component exports to Mexico largely comprise powertrain and driveline parts, p
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