Tata Motors stock falls nearly 3%
The Hindu
Tata Motors shares drop 3% due to US tariff hike on foreign-made autos, impacting Indian auto industry.
i Shares of Tata Motors declined nearly 3% on Thursday (April 3, 2025) with coming into effect of the tariff hike on foreign-made automobiles announced by the Trump administration on March 26.
These U.S. tariff hikes have come to effect from midnight of April 3.
During the day, the scrip of Mumbai-based Tata Motors fell 2.58% to ₹654.50 per piece on the BSE.
According to a release by the White House, "... steel/aluminium articles and autos/auto parts already subject to Section 232 tariffs" and hence exempted from the Liberation Day announcements made by U.S. President Donald Trump.
However, the auto parts tariff will be imposed no later than May 3, 2025.
The tariff will apply to imported passenger vehicles— sedans, SUVs, crossovers, minivans, cargo vans— and light trucks, as well as critical auto parts, engines, transmissions, powertrain components, and key electrical parts.
Tata Motors Ltd is the parent company of British passenger vehicle maker Jaguar Land Rover (JLR). The United States is a key market for JLR as nearly one-third of its sales in 2024 came from the U.S. markets.
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