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Auto Share Fell Down: US President Donald Trump has burst another tariff bomb, after which there has been a hurry in the auto market. He has imposed a 25 percent tariff on imported cars and light trucks in the US.
Auto Share Fell Down : US President Donald Trump has been seen in action mode ever since he came to power and is constantly taking explosive decisions. Now he has burst another tariff bomb. This has caused a hazard in the auto market. He has imposed a 25 percent tariff on imported cars and light trucks in the US. Due to this, the shares of Tata Motors have seen a lot of decline today.
What is the condition of today’s business?
It is worth noting that the company’s stock on BSE fell 6.31 percent to Rs 661.35 in early trade. At the same time, it closed at Rs 707.95 in the last session and today opened at Rs 673.95. This decline in the auto market has come after the tariff decision of US President Donald Trump. This caused a decline in the shares of Tata Motors. On the issue, Trump said that in the US, there will be a tariff of 25 percent on imported cars and light trucks. This tariff will be applicable from next week i.e. 3 April. The US is a big market for Tata Motors’ ally Jaguar Land Rover (JLR). According to JLR’s annual report, 22 percent of the total sales of the company comes from the US. The 52 -week high of Tata Motors shares is Rs 1,179.05.
Rules will be applicable from April 3
Please tell here that along with the announcement of imposing a high tariff of 25 percent on auto imports, President Trump will effectively put these tariffs on all the cars which are not made in the country. If you make your car in America, then no tariff will be applied to it. The new tariff is going to be implemented from April 2 and its recovery will also start from the next day i.e. from April 3.
Big impact on India market
Many types of vehicles are exported to America from India. Automobiles, trucks, and motorcycles are exported to the US from India. It consists of Bahn of many companies including Tata Motors. At the same time, if we talk about 2023, then motor vehicles worth $ 37.14 million were exported to America. Till now, India has spent more than 100 percent fees on exported vehicles, which Trump has often mentioned.
America has a big business with Tata
Tata Motors is a global automobile company that has a good business with the US. He is present there through Jaguar Land Rover (JLR). Tata Motors launched Jaguar Land Rover (JLR) from Ford in 2008, which is now an important part of Tata Motors and is also operated in the US. At the same time, after the announcement of Trump’s tariff, Tata Motors has crashed shares. With the opening of the market, its shares slipped by 6.50 per cent to Rs 661.10. Apart from this, the share of Mahindra & Mahindra of the auto sector was also opened in the red zone and was seen trading at Rs 2728.30.
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