Auto Stocks Crash

By:- B.T Team Image Credit:- Google

Trump announces a 25% tariff on car imports. Auto stocks react sharply with declines. Headline:

The 25% tariff applies to cars not made in the US. It takes effect on April 2, 2025.

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The tariff announcement raises concerns for global auto manufacturers. Collection starts April 3.

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Stock Market Reaction:

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Nifty Auto Index Drops:

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Tata Motors Hit Hardest:

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Auto Stocks Crash

The 25% tariff applies to cars not made in the US. It takes effect on April 2, 2025.

Key Event:

The tariff announcement raises concerns for global auto manufacturers. Collection starts April 3.

Tariff Impact:

Stock Market Reaction:

Auto stocks fall up to 7.5%. Nifty Auto index drops 2.42% during intraday trading.

Nifty Auto Index Drops:

The Nifty Auto index hits an intraday low of 21,216.40. A significant market dip.

Tata Motors Hit Hardest:

Tata Motors sees a 6.58% drop, hitting Rs 661.35. The hardest-hit stock in the sector.

Other Affected Stocks:

Motherson Sumi, Uno Minda, and M&M also suffer declines. The auto sector feels the pressure.

Global Concern:

Trump’s tariff impacts car manufacturers, especially in the US market. Widespread global concern.

Tata Motors’ Vulnerability:

Tata Motors exports a significant share of JLR cars to the US. The tariff directly affects them.

Analysts’ View:

Analysts expect a lower final tariff. Negotiations with the US and EU may ease the impact.

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