Trump Tariffs Hit India’s Corporate Giants: Ambani, Adani

American tariffs have increased concerns for the country’s top business families. According to industry experts, companies like Reliance Industries, Adani Group and ArcelorMittal may face losses due to these tariffs.

These companies are changing their business strategies to avoid the impact of tariffs. Some companies are setting up manufacturing units in countries with lower tariffs including America, while others are considering exports through their existing subsidiaries in these countries.

Earlier, White House business advisor Peter Navarro accused some of India’s wealthiest families of profiting from buying cheap crude oil from Russia.

These companies are rapidly changing their strategy to avoid American tariffs

Reliance Ind.: Mukesh Ambani

The company imported 14.2 million barrels of oil from Russia in the first half. Saved ₹5000 and have gasoline and energy business in America. 45% of earnings from 6 lakh crore O2C business comes from exports.

Bharat Forge: Baba Kalyani

Bharat Forge sold goods worth about ₹1700 crore to America last year. This is about 10% of its earnings. The company has now adopted a cautious approach for its American exports in the current financial year.

Eicher Motors: Vikram Lal

8% market share in US mid-size bike segment. Shipped 9,000 bikes to America in March. To avoid Trump tariffs, company is considering shifting its stock to warehouses in neighboring countries of America.

ArcelorMittal: Lakshmi Mittal

Exported steel worth ₹60,000 crore to America in 2024. Expected profit reduction of $15 million. Company is increasing manufacturing in America to reduce tariff impact.

Birla Group: Kumar Mangalam

Aditya Birla Group is a textile and yarn manufacturer and exporter. Group has business in more than 60 countries. Group has invested 1500 million dollars in America. Focus on increasing manufacturing in America through acquisitions.

Adani Group: Gautam Adani

If foreign trade is affected, Adani Ports, which operates 15 ports and terminals with 27% market share, could face losses. The group exports most of its solar modules to America. This could have an impact.