Highlights

Mexico increased tariff on China, India, other nations

India’s auto group lobbied government to prevent hike, letter shows

Mexico is India’s third-largest car export market

Volkswagen, Hyundai, Nissan most impacted from tariff hike

India’s total exports to Mexico at around $5.3 bln

Mexico’s decision to raise tariffs as high as 50 per cent will affect $1 billion worth of shipments from major Indian car exporters, including Volkswagen and Hyundai, despite industry lobbying to persuade New Delhi to prevent such a move, according to two sources and a letter from an industry group reviewed by Reuters .

Mexican President Claudia Sheinbaum’s government approved on Wednesday raising import tariffs next year on hundreds of items from countries it does not have trade agreements w

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