Mexico duty hike to squeeze Indian auto component exporters: ACMA

• Mexico's duty hike on imports from non-FTA partners, including India, will increase cost pressures for Indian auto component exporters, according to ACMA.
• The new tariffs, ranging from 5% to 50%, are set to take effect on January 1, 2026.
• Indian auto component exports to Mexico were USD 834 million in FY22-23 and USD 370 million in the first half of FY23-24.
• Mexico is a significant market, accounting for 13% of India's passenger vehicle exports and 12% of two-wheeler exports.
• ACMA hopes for bilateral dialogue to ensure stability, while SIAM has urged the Indian government to maintain the status quo on duties.

Why It Matters: Mexico's duty hike on Indian auto parts will increase costs for businesses.