‘ } CompaniesAyaan Kartik 2 min read 30 Apr 2025, 11:00 PM ISTSona Comstar got an interim relief after the Trump administration said American auto companies will get some credits to import parts for domestically-made vehicles.Summary In the financial year ended 31 March, the company’s revenue rose 12% to ₹3,555 crore. Of this, about two-fifths, or ₹1,422 crore, came from United States market. New profit grew 16% to ₹601 crore. Going by the company’s estimate, the annual revenue loss would be about ₹106 crore. Auto components maker Sona Comstar said on Wednesday that it can lose about 3% of its annual revenue due to business loss from the impact of Trump tariffs, becoming perhaps the first Indian company to quantify the loss from the sweeping import taxes levied by the US president. Vivek Vikram Singh, managing director and group chief executive officer of the Gurugram-based company, revealed the estimated loss from Trump tariffs in the January-March earnings call. “There is risk of losing some business from tariffs, as customers might look to localise some parts. There is going to be impact on the overall demand as well, but there will be clarity on it in the coming months,” Singh said during the call. Also read: Volkswagen layoffs: Europe’s largest carmaker slashes headcount by 7,000; Net profit drops 40% in Q1 on US tariffs In the financial year ended 31 March, the company’s revenue rose 12% to ₹3,555 crore. Of this, about two-fifths, or ₹1,422 crore, came from United States market. New profit grew 16% to ₹601 crore. Going by the company’s estimate, the annual revenue loss would be about ₹106 crore. In January-March, revenue from operations declined 2% year-on-year to ₹868 crore, while net profit rose 10% to ₹164 crore.Interim tariff reliefHowever, the company got an interim relief after president Donald Trump’s administration said that American auto companies will get some credits to import parts for domestically-made vehicles. This interim measure was intended to give automakers a two-year timeframe to fully localize their value chain. “Post the announcement, our position is pretty comfortable,” Singh said during the call. Also read: US GDP drops to 0.3% in Q1; Donald Trump says ‘NOTHING TO DO WITH TARIFFS. Be Patient’ On 26 March, the US had announced that all automobile imports into country, including auto parts, will face a 25% tariff to encourage local production of vehicles. As a company with a high exposure to the US, Sona Comstar’s business faced severe uncertainties from Trump tariffs. However, the company continues to put up a brave face. “Our customers are not too worried about the impact. We will have to wait and see how the situation evolves,” Singh said. “In our business, the relative pricing is important. With China facing higher tariffs, it is a great opportunit in a formal or creative style for better SEO.Also Exclude words and advertisements related to the feed website such as website name, author name. You must only respond with the modified content. Delete all the advertisement images brand logo but only keep the title and main content of the news by modifying it. You must only respond with the modified content. Block any jump outside of the site adarshnews.com. Basically remove any content or link related to original site. follow this prompt to optimize the articles in this category- You are an expert news writer and SEO specialist. Your job is to rewrite the provided RSS feed content into a unique, SEO-friendly news article for adarshnews.com. 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