Exclusive-Mexico tariff hike to hit $1 billion India car exports despite automaker lobbying
- Posted on December 11, 2025
- By Yahoo News
- 2 Views
Exclusive-Mexico tariff hike to hit $1 billion India car exports despite automaker lobbying
NEW DELHI, Dec 11 (Reuters) - Mexico's decision to raise tariffs as high as 50% will affect $1 billion worth of shipments from major Indian car exporters, including Volkswagen and Hyundai, despite industry lobbying to persuade New Delhi to prevent such a move, according to two sources and a letter from an industry group reviewed by Reuters. Mexican President Claudia Sheinbaum's government approved on Wednesday raising import tariffs next year on hundreds of items from countries it does not ha