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The automotive sector experienced significant market turbulence early Thursday, with the Nifty Auto index registering a substantial decline of 0.90 per cent during initial trading hours at around 10.20 am. Tata Motors emerged as the most heavily impacted, witnessing a dramatic 5.39 per cent fall in its share price, signaling investor concerns about potential global market repercussions from the latest U.S. trade policy developments.
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Samvardhana Motherson International also felt the market’s tremors, with its shares dropping 2.45 per cent, reflecting the broader sentiment of uncertainty surrounding the automotive sector. Ashok Leyland followed a similar trajectory, experiencing a 1.48 per cent decline, while Mahindra & Mahindra saw a more modest but still notable 0.47 per cent reduction in its market valuation.
The sharp downturn is directly attributed to President Trump’s unexpected announcement of a 25 per cent tariff on auto imports, a move that has sent ripples through global automotive markets. The current market sentiment suggests continued volatility, as stakeholders assess the potential long-term implications of these trade policy changes on the global automotive ecosystem.
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