Indian Automakers Hit as Trump Announces 25% Tariffs on Imported Cars

Shares of Tata Motors and Indian auto parts suppliers, including those that provide components to Tesla, fell on Thursday following U.S. President Donald Trump’s announcement of a 25% tariff on all imported cars and auto parts.

The new tariff, set to take effect on April 3, has sparked concerns over its impact on India’s auto industry, which exports vehicles and components to the U.S. Market analysts warn that higher tariffs could reduce demand for Indian-made auto parts, affecting revenues for key suppliers.