US Duty Relief: Boost for Indian Industrial and Auto Suppliers

• US tariff reset expected to significantly boost Indian engineering companies, particularly industrial components.
• Naresh Jalan of Ramkrishna Forgings highlights potential relief for industrial, oil and gas, and equipment components.
• Auto components and other engineering products may see a new tariff regime around 18%, aiming for a predictable duty structure.
• India anticipates carve-outs for auto components under US Section 232, similar to South Korea and Japan.
• Bajaj Auto's Rakesh Sharma expects long-term benefits as global production shifts to India, aided by supportive tariffs.

Why It Matters: US duty relief is set to significantly boost Indian industrial and auto suppliers, fostering new orders and production shifts.