US Duty Relief to Boost Indian Industrial, Auto Suppliers: Ramkrishna Forgings MD

• US tariff reset could significantly boost Indian engineering companies, especially for industrial exports.
• Naresh Jalan of Ramkrishna Forgings expects meaningful duty reductions on industrial, oil and gas, and equipment components.
• Auto components and other engineering products are anticipated to fall under a new 18% tariff regime, offering predictability.
• India may receive Section 232 carve-outs for auto supply chains, similar to Korea and Japan, prompting new orders.
• Bajaj Auto's Rakesh Sharma foresees increased global production shifting to India due to a more supportive tariff environment.

Why It Matters: US duty relief is set to significantly boost Indian industrial and auto suppliers with new orders and predictable tariffs.