New Delhi, April 29 -- Indian auto component manufacturers could experience a revenue shortfall of up to Rs 4,500 crore in the current fiscal year due to declining overseas shipments resulting from recent tariff impacts, according to ratings firm ICRA.

ICRA has revised its growth forecast for the Indian auto component industry to 6-8 percent in FY2026, down from the previously projected 8-10 percent.

This adjustment accounts for a potential mid-to-high single-digit revenue decline in exports to the United States stemming from tariff-related impacts.

The analysis is based on a sample of 46 auto ancillaries with aggregate annual revenues exceeding Rs 3 lakh crore in FY2024.

The recent steep increase in import tariffs imposed by the US i...