Bharat Madaan
Director and CFO
Notable Quotes
So today, a lot of exports are happening from Kubota, Japan to U.S., and around Japan, I think there's a tariff of 15%. And against that, if India comes at 18%, so even with the blended rate of... The metal tariff of 50%, the blended rate will be somewhere around 22%-23%, which in Japan today is about 18%. So it's a 4%-5% delta differential, which will come from India, but I think it will make a lot more sense to produce in India at a lower cost and still look at exporting to U.S. market.