Archive · 19 Aug 2025
Wheels India MD on US Tariffs' Impact on Exports
US tariffs are affecting Indian businesses.
Wheels India's MD explains that a 50% duty would significantly hurt sectors like textiles.
The auto sector faces less impact due to a 20% duty.
A surcharge by the US is also an issue.
Resolving these issues is important for exporters.
Wheels India saw a 25% increase in export revenue in Q1, but future growth hinges on resolving the tariff issues, especially for employment-generating sectors.
Wheels India MD highlights the impact of US tariffs on Indian exports.
A 50% US tariff would severely impact employment-generating sectors.
Auto sector faces 20% duty, other sectors may face 50% duties.
Uncertainty around surcharges hinders future business planning.
Wheels India's export revenue grew 25% in Q1, with US contributing significantly.
- Who
- Wheels India, Srivats Ram, and Indian exporters.
- What
- US tariffs impact Indian exporters, especially employment-generating sectors.
- When
- Ongoing, with uncertainty regarding the future.
- Where
- India and the US.
- Why
- To understand the impact of US tariffs on Indian businesses.
Indian Exporters
US Government
Tariff Concerns
Indian Exporters
Concerned about the negative impact of high US tariffs, especially the 50% duty.
US Government
N/A
Surcharge Resolution
Indian Exporters
Need for resolution on surcharges for business planning and future growth.
US Government
N/A
- Company
- Wheels India
- MD
- Srivats Ram
- Q1 Export Revenue
- ₹324 crore
- Q1 US Export Revenue
- ₹145 crore
- Export Growth (Year-on-Year)
- 25%
- Capex this year
- ₹200 crore
Sources
We don’t see any drop in sales in the US post tariff: Haworth International President
US tariff to have economic consequences, monitoring situation: Ingka Group CEO
IKEA India to accelerate store expansion plans, ramp up sourcing
A 50 per cent duty would knock you out of the park, says Wheels India MD
