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Several electronics makers are reconsidering local expansion and scouting alternative overseas markets as the latest US tariffs negate India’s earlier pricing edge over China, although key items – such as smartphones, tablets and laptops – remain exempted from the 50% levies announced so far.
Munoth Industries, which makes lithium-ion cells for power banks in India, had inked a definitive agreement in January with US-based Anker to supply cells for power banks to be sold in the US. Munoth had earmarked a fourth of its capacity to supply…
