Press Release, 3 April 2025
“The Automotive Component Manufacturers Association of India (ACMA) takes note of the recent executive order signed by U.S. President Donald Trump on April 2, 2025, as part of the “Liberation Day” initiative. We understand the intent of the U.S. administration to boost domestic manufacturing and address trade imbalances.
It is to be noted that autos & auto parts and steel & aluminium articles, already subject to Section 232 tariffs at 25%, announced earlier in President Trump’s order on March 26, 2025, are not covered in the aforementioned order. The detailed list of auto components that will be subject to 25% import tariff in the US is however awaited.
ACMA remains hopeful that the ongoing bilateral negotiations between the Indian and U.S. governments will lead to a balanced resolution that benefits both economies. We believe that the strong trade relationship between India and the United States, especially in the auto components sector, will encourage continued dialogue to mitigate the impacts of these measures. ACMA is committed to engaging with all stakeholders to ensure the long-term interests of the Indian auto component industry.”, Shradha Suri Marwah, President ACMA and CMD Subros Ltd.
About ACMA:
The Automotive Component Manufacturers Association of India (ACMA) is the apex body representing the interest of the Indian Auto Component Industry. Its membership of over 1,000 manufacturers contributes more than 90% of the auto component industry’s turnover in the organized sector. In FY2024, the combined turnover of the Auto Component Industry stood at USD 74.1 billion with USD 21.2 billion in exports and a trade surplus of USD 300 million. India exported USD 6.79 billion worth of auto components to the US while imports were USD 1.4 billion.
