Exclusive: Mexico tariff hike to hit $1 billion India car exports despite automaker lobbying

Core Viewpoint - Mexico's decision to raise tariffs up to 50% will significantly impact $1 billion worth of shipments from major Indian car exporters, including Volkswagen and Hyundai, despite efforts from the industry to lobby against this move [1] Group 1: Tariff Impact - The new tariffs will affect shipments valued at $1 billion from major Indian car exporters [1] - Major companies impacted include Volkswagen and Hyundai [1] Group 2: Industry Response - There has been industry lobbying aimed at persuading New Delhi to prevent the tariff increase [1]