Indian auto parts makers, Tata Motors fall after Trump's added tariffs

Samvardhana Motherson International

07/08/2025 08:13

** Indian auto parts makers drop 1%-2%; Tata Motors TAMO.NS down 2%

** U.S. announces additional 25% tariff on Indian goods over its Russian oil purchases, taking total tariffs to 50%

** U.S. reliant parts makers Sona BLW SONB.NS and Bharat Forge BFRG.NS decline as much as 2% and 3%, respectively

** Other parts makers Samvardhana Motherson SAMD.NS and tyre maker Balkrishna Industries BLKI.NS down 1.6% and 0.2%, respectively

** TAMO, whose luxury unit Jaguar Land Rover gets one-fourth of sales from U.S., also falls 2%

** Autos index .NIFTYAUTO down 0.6% with 11 out of 15 constituents trading in red

** An auto dealers body also flagged anticipated wealth erosion from fresh tariffs by the U.S. which can exert pressure on discretionary spending, including on vehicles

 (Reporting by Kashish Tandon in Bengaluru)

 ((Kashish.tandon@thomsonreuters.com))