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Tata Steel to explore new markets as tariffs hit US shipments
Economic Times
·
23d ago
Medial
Tata Steel Ltd., impacted by U.S. tariffs on its shipments, plans to explore markets in the Middle East and Latin America, according to CEO T.V. Narendran. The tariffs have led Tata Steel to consider shifting its focus from the U.S., where steel exports from its Netherlands plant face a 50% tariff, and lower tariffs apply to the U.K. The company aims to mitigate tariff risks by diversifying its market presence globally.
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Why JLR sales slowdown could hit Tata Technologies, Tata Elxsi
Livemint
·
1m ago
Medial
Jaguar Land Rover's recent sales decline, with an 11% drop in April to June, poses risks for Tata Elxsi and Tata Technologies, as over 20% of their revenues are derived from JLR. The decline was partly due to a halt in US shipments after tariffs were announced. Tata Group's engineering, research, and development companies might face further challenges as JLR forecasts lower profits and revenues, impacting their growth prospects.
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Iran-Israel conflict not to have much impact on Tata Steel unless it lasts long: MD a& CEO T V Narendran
Economic Times
·
2m ago
Medial
Tata Steel CEO T.V. Narendran stated that the Iran-Israel conflict currently has little impact on the company, as 95% of sales are domestic. However, prolonged conflict could impact global markets and Tata Steel. Narendran highlighted that increased oil prices and logistic costs could affect trade if tensions persist. Even though Tata Steel's primary exports are to Europe and the US, any extended conflict may present challenges in trade, logistics, and costs.
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Tata Motors shares slumped 37% in 6 months; here's what analysts have to say
Business Today
·
4m ago
Medial
Tata Motors shares fell by 37% over six months as Jaguar Land Rover (JLR) faces challenges due to increased US tariffs announced in April 2025. In response, JLR temporarily paused shipments to the US and is currently evaluating options to mitigate the tariff's impact. No concrete plans or actions have been decided yet by the company to address the situation, according to analysts, contributing to the stock's decline.
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Foxconn elevates India head V Lee to global role, Robert Wu appointed new country head - The Economic Times
Economic Times
·
2d ago
Medial
Foxconn has appointed V Lee as assistant vice president in the chairman’s office for business development, elevating him from his role as India representative where he led a $20 billion business. Robert Wu, former CEO of Sharp, has been appointed as the new India representative amidst a challenging electronics manufacturing sector due to US tariffs and China’s informal restrictions. Wu’s appointment comes as companies await clarity on tariffs for US-bound electronics shipments from India.
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Engg exporters urge govt to seek exemptions from US on 50 pc steel duty; tariff impacting sector
Economic Times
·
1m ago
Medial
India's engineering exports are threatened by the US's increased 50% import duty on steel and aluminum products, up from 25%. Exporters urge the Indian government to seek an exemption to protect export shipments and jobs. This hike affects companies involved in global value chains, risking order losses, plant closures, and job cuts across over 25,000 MSMEs and large firms in India. Ongoing trade talks between India and the US aim to address these tariffs.
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India has 'no basis' to seek WTO consultations on auto tariffs: US
Economic Times
·
2m ago
Medial
India has sought consultations with the US at the WTO over increased tariffs on automobiles and parts, implemented under Section 232 for national security. The US argues there's "no basis" for India's consultation request under the Agreement on Safeguards, as these tariffs aren't safeguard measures. The dispute arises as both nations negotiate a Bilateral Trade Agreement. Previously, India proposed retaliatory duties on US products due to similar US tariffs on steel and aluminum.
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India risks 1% GDP hit as Trump slaps 50% tariffs over Russian oil
Economic Times
·
16d ago
Medial
India's GDP growth could drop by 1% as the U.S. under Trump doubles tariffs on Indian goods to 50%, targeting India's Russian oil purchases. These tariffs threaten exports, especially to the U.S., India's largest market, impacting sectors like textiles and electronics. The Reserve Bank of India's growth forecast may decline, while new markets are being explored. Analysts warn of a potential 1.1% GDP hit if additional sector tariffs emerge, urging policy responses.
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Tariff war delays Tata Steel UK breakeven, says CEO Narendran
Livemint
·
22d ago
Medial
Tata Steel's plan to achieve Ebitda breakeven for its UK operations has been delayed by six months due to global trade disruptions and the impact of US tariffs. Originally projected for the end of the second quarter of FY26, the target has been pushed to the final quarter of the fiscal year. Despite this setback, Tata Steel remains confident in its international strategy, including securing Dutch government support for decarbonizing its operations in the Netherlands.
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Electronics makers enter standby mode - The Economic Times
Economic Times
·
14d ago
Medial
Electronics companies in India are reconsidering expansion plans due to new US tariffs, losing the pricing edge over China. Smartphones and key items remain exempt, but other electronics face 50% tariff duties. Some companies, like Dixon Technologies, are in waiting mode, while others explore alternative markets. Industry associations express concerns about impacts on exports. Despite potential losses in the US market, India's domestic consumption remains a significant allure for multinational companies.
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US tariffs action to make India target for cheap Chinese steel, say industry players
Livemint
·
5m ago
Medial
The US imposition of tariffs on imports from Mexico, Canada, and China could negatively impact India by making it a target for cheap Chinese steel, say experts. As the Indian steel industry undergoes a capacity enhancement phase, the influx of cheap surplus steel may hinder growth and erode margins. Industry leaders express concerns over increased imports, despite India’s potential for improved competitiveness in the US market, urging government intervention to support local steel sector development.
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