Auto stocks slump on Trump tariff; Tata Motors tanks over 6%
The Hindu
Auto stocks decline as US President Trump announces 25% tariffs on auto imports, impacting Tata Motors and other companies.
Auto stocks declined in morning trade on Thursday (March 27, 2025), with Tata Motors tumbling over 6%, after the U.S. President Donald Trump announced imposition of 25% tariffs on auto imports from April.
Shares of Tata Motors tanked 6.58% to ₹661.35 on the BSE.
Ashok Leyland dropped 4.60%, Mahindra & Mahindra dipped 1.70%, Bajaj Auto slipped 1.48% Apollo Tyres skidded 1.41%.
The BSE auto index quoted 0.86% lower at 48,286.47.
Among auto components and equipment firms Samvardhana Motherson International slumped 7.59%, Sona BLW Precision Forgings tanked 6.69%, Bharat Forge declined 4.28% and ASK Automotive Ltd went lower by 1.82%.
"Mr. Trump's latest decision to impose a 25% duty on all car imports to the U.S. will impact Tata Motors which exports a significant chunk of JLR cars to the U.S.," V.K. Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, said.
Mr. Trump on Wednesday (March 26, 2025) announced imposition of 25% tariffs on auto imports from April with another 25% tariffs expected to be applied on imports of major automotive parts— engines and engine parts, transmissions and powertrain parts, and electrical components by May.
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