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.from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/OjmnIiZ
