Trump tariff
Trump Tariff is currently in discussion all over the world. America has also increased the tariff on India to 50%. And now it is also affecting some of India’s richest and influential businessmen. Whether it is Mukesh Ambani’s RIL, Gautam Adani’s port and Energy Business or Narayan Murthy’s Infosys, its effect is clearly visible on the business of all.
Deepak Padki, president of Catamaran Ventures, Family Office of Infosys co-founder Narayanamurthy, told Bloomberg that, ‘We are going through a difficult phase. The best way to get out of this is to make products that are necessary for customers, so that they are ready to pay additional costs too.
Mukesh Ambani’s direct impact on RIL
According to a report by Bloomberg, Mukesh Ambani’s company Reliance Industries bought around 142 million barrels of crude oil from Russia in the first six months of this year, saving the company about $ 571 million. But now tariffs can affect exports as 45% of it comes from exports. Along with this, Reliance is also investing in its energy business, and digital projects in America, where big names like Google, Meta and Disney are with it.
Adani port and solar business impact
Sharon Chen, analyst at Bloomberg Intelligence, said in a report that Gautam Adani’s Adani Port is the largest port company in the country, which has a market share of 27%. Due to this, when the impact of tariff is on foreign trade, then the business of Adani Porkat will be the most affected. Also, the Adani Group has recently exported a large part of its solar panels to America. According to industry sources, if the tariffs continue, their solar sale sales will be wiped a straight shock as America is the largest buyer of India’s solar module.
Laxmi Mittal’s steel company also affected
Arcelor Mittal exported a steel of about $ 6.7 billion to the US in 2024. The company is expected to fall by $ 150 million this year due to tariffs. The company is now increasing its construction work in America so that the risk can be taken.
Break on sale of Royal Enfield
Eicher Motors’ Royal Enfield bike is being well liked in America. But now due to tariffs, the prices of these bikes will increase and sales will be reduced. But the company is now looking at the option of opening a warehouse in Canada to sell its products in America.
Cloth, electronics and auto sector also threatened
Companies like Polycab, Mother’s Group, Bharat Forge and Welspun Living also send their products to America. Welspun gets 61% of his revenue from America. At the same time, Bharat Forge sold goods worth $ 200 million to the US last year. At the same time, the tariff on copper has become a big tension for polycabs. The American market is very important for these companies and Trump’s tariff policy has created a big challenge in front of him.