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I have commented in the past, that Indian autoworkers are paid so little, they make Mexicans look rich. The best selling VW in Mexico has not been any of the models VW builds in Mexico, but a model built in India.
Exclusive: Mexico tariff hike to hit $1 billion India car exports despite automaker lobbying
NEW DELHI, Dec 11 (Reuters) - Mexico's decision to raise tariffs as high as 50% 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 with, including China and India, to protect local jobs and manufacturing.
The import duty on cars will rise to 50% from 20%, dealing a significant blow to India's largest vehicle exporters to Mexico including Volkswagen, Hyundai, Nissan and Maruti Suzuki.https://www.msn.com/en-us/money/markets/exclusive-...Several years ago, I drove over to the Henry Ford Museum for the afternoon. Spied a VW sedan in the parking lot, that didn't quite look like a Jetta. Circling around to the rear of the car, I saw a Mexican license plate, and a "Vento" nameplate. The Vento was built in Chakan, India.
Steve
