Monica Seles opens up about life-changing chronic neuromuscular disease - here are details of condition
Download The Economic Times News App to get Daily International News Updates.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
34 minutes ago
- Economic Times
Samvardhana Motherson sees no material impact from US tariffs
Synopsis Samvardhana Motherson International anticipates minimal impact from US tariffs. Exports from India to the US were low in Q1 FY26. Most contracts are ex-works, shifting costs to customers. The company is exploring alternative supply chains. A large portion of sales already comply with USMCA. Discussions are ongoing to pass on costs for non-compliant products. THE ECONOMIC TIMES Samvardhana Motherson Samvardhana Motherson International Ltd (SAMIL) has said the recently announced US tariffs on imports from India don't have a material impact on its operations. According to the company's latest investor presentation, exports from India to the US stood at less than USD 10 million in the first quarter of company explained that most of its external contracts are structured on an ex-works basis, under which customers bear the shipping and import costs. For the smaller portion of contracts where this is not the case, Motherson is implementing mitigation measures, including exploring alternative supply chain solutions.A large part of the company's sales to US customers already comply with the US-Mexico-Canada Agreement (USMCA), shielding them from the new tariff regime. For non-USMCA compliant products, discussions are underway with customers to pass on the additional costs, though this process is expected to involve some time its Q1 FY26 results, Motherson reported consolidated revenues of ₹30,212 crore, compared with ₹28,868 crore in the same quarter last year. However, EBITDA margins slipped to 8.2% from 9.6%, which the company attributed to structural challenges in Europe, foreign exchange volatility, and start-up costs related to new of the auto components manufacturer recovered from early losses to rise as much as 4.45% on Wednesday, August 13, after management reassured investors in its post-earnings statement that the tariffs imposed by the Donald Trump administration would not significantly affect its operations. 'While uncertainties in the business environment persist, it also offers inorganic opportunities for growth,' said Vivek Chaand Sehgal, Chairman of Motherson.
Economic Times
34 minutes ago
- Economic Times
What is the SPV virus turning rabbits into ‘zombie bunnies' with tentacles, and can it infect dogs or cats?
(Catch all the US News, UK News, Canada News, International Breaking News Events, and Latest News Updates on The Economic Times.) Download The Economic Times News App to get Daily International News Updates.
Time of India
an hour ago
- Time of India
Israel, hit hard by Iran, to resume war against the Islamic nation soon as tensions simmer; Trump's role crucial
(Catch all the US News, UK News, Canada News, International Breaking News Events, and Latest News Updates on The Economic Times.) Download The Economic Times News App to get Daily International News Updates.
