New Delhi, shares of Tata Motors, fell nearly 3 percent on Thursday with the entry into force of the tariff increase on foreign-manufactured cars announced by the Trump administration on March 26. These US tariff increases will be in effect from midnight of April 3. According to an exemption by the White House, “… Steel/Aluminum Articles and auto’s/auto parts already announced with Section 232 Tariffs, and on the dismissed of the Liberation Day, the section of Section 232 and sustained from the printed parts of the section of the section 232, and was made from The parts of the section of the rates, and on the downside of US President Donald Trump. Ltd. is the parent company of British passenger vehicle manufacturer Jaguar Land Rover. During the day, the writing of Tata cars in Mumbai dropped 2.58 percent to £ 654.50 each on the BSE. While India is not a major exporter of cars for the US, the luxury motor subsidiary of Tata Motors, JLR, is deeply entrenched in the US market. About 23 percent of JLR’s more than 4,00,000 units sold in FY24 were in the US. These were all exported from its British plants. “The US has imposed 25 percent rates on imported cars, light trucks and selected car parts from outside North America. Furthermore, almost 150 car parts will face a similar rate rates,” said Arun Agarwal, VP – Fundamental Research – Motors at Kotak Securities. Meanwhile, the tariff increases have also affected shares of Bharat Forge by dropping 4.6 percent to £ 1,099.40 each, Balkrishna Industries by 4.3 percent to £ 2,453.90, Sona Blw Precision Forks by 3.60 percent to £ 449.60, Samvardhana Motherson International with 3.3 percent to £ £ up to £ £ £ £ £ to £ £ £ £ £ £ £ £ £ to £ £ to £ £ £ £ £ £ to £ £ £ £ to £ £ £ £ £ £ £ £ £ to £ £ £ £ £ to £ £ £ £ to 10 BSE. On the other hand, the shares of Bajaj Auto fell 2.87 percent to £ 7,840, TVs Motor CO fell 2.08 percent to £ 2,442.85, Ashok Leyland by 1.9 percent to £ 204,60, Mahindra and Mahindra fell 1.4 percent to £ 2,600.55 and Hero Motocorp fell by 1.15 percent dropped to £ 2,600.55 dropped £ 3,738.55 each on the scholarship. The BSE Sensex criterion dropped 300.98 points or 0.39 percent to 76,316.46. India’s car components exporting to the US stood at $ 6.79 billion in FY24, while it imported $ 1.4 billion from the US at 15 percent import tax. India’s largest export items to the US are engine components, power and transmissions. Agarwal also said that suppliers could come under pressure, as they may have to take up the cost of the cost. We believe that there will be some impact, which the suppliers will have to carry, which will lead to negative implications on margins. The extent of the impact for Indian players will also depend on the bilateral agreement of the US India over the next few months, he added. This article was generated from an automated news agency feed without edits to text. Catch all the business news, market news, news reports and latest news updates on Live Mint. Download the Mint News app to get daily market updates. Business NewsMarketsstock MarketStata Motors’ stocks fall nearly 3 pieces more
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