New Delhi, Feb. 17 -- India's auto component industry is expected to face only a limited impact from the potential reciprocal tariffs proposed by US President Donald Trump on auto industry, according to a report by Nomura.

The report highlights that India accounts for just 3 per cent of the USD 97 billion worth of auto components imported by the US from outside North America in 2024.

In contrast, other major auto component suppliers to the US, such as the European Union (EU), China, Japan, and South Korea, are expected to be hit the hardest by these tariffs.

The report showed that in 2024, the EU exported USD 22 billion worth of auto parts to the US, China USD 18 billion, Japan USD 16 billion, and South Korea USD 13 billion. While Chin...