Chennai, Sept. 18 -- Automotive tyre major JK Tyre & Industries Ltd has started shipping out its tyres to Europe, Brazil and other markets after US hiked its import duty on Indian goods to 50%, said a top company official.
He also said the duty hike by the US will not have a major impact on the company and added that the company will be passing on the 10% reduction in the Goods and Services Tax (GST) to its customers.
Speaking to select visiting journalists to the company's plant near here Anshuman Singhania, Managing Director said: "Exports to theUS accounts only about 3% out of our 12-15% export revenue. So the duty hike is not a major issue for the company. We are now exporting to Brazil, Mexico, Europe and looking at African and other...