Auto Stocks Slide: Tata Motors, Bharat Forge, and Others Plunge Up to 8% on Tariff Woes

Tariff Impact: India exports $6.8 billion worth of automobiles and auto components to the US, and the new 25% reciprocal tariff is expected to reduce price competitiveness for manufacturers and suppliers.
Market Reaction: The Nifty Auto index slumped nearly 3% on April 4 as fears over global trade disruption intensified.
Stock Declines:
- Bharat Forge fell nearly 9%, hitting a one-month low due to its heavy exposure to the US market.
- Other auto and component stocks also witnessed sharp declines as investors assessed the impact of rising trade barriers.
Analyst View: A report by Tata Mutual Fund highlighted that ancillary companies supplying to automakers will also face pricing challenges, adding pressure to the sector.

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