The United States imported $474 billion worth of automotive products in 2024, including passenger cars worth $220 billion. Mexico, Japan, South Korea, Canada and Germany, all close US allies, were the biggest suppliers. The tariffs are a sucker punch for Europe at a time when relations with Washington have plummeted over issues such as the war in Ukraine and the upending of a decades-old transatlantic alliance.

Luxury Italian carmaker Ferrari said Thursday it would increase its prices on most of its vehicles sold to the US from next week following Donald Trump's announcement of steep tariffs. Ferrari said Thursday that the impact of the tariffs would be partially reflected in its pricing for almost all imports after April 2. Ferrari produces all of its cars at its Maranello factory.

Donald Trump has been criticized after the US President announced tariffs on imported vehicles and parts.

The U.S. announced a 25% tariff on auto imports, causing global suppliers to warn about price hikes and job losses. Europe's auto industry urged a transatlantic deal to avoid these tariffs. Analysts deemed the move 'draconian,' predicting increased costs and production disruption. Automakers might shift production to the U.S. or pass costs onto consumers.

U.S. President Donald Trump has announced a 25% tariff on imported cars and light trucks, impacting Japan and South Korea's car industries. These tariffs, effective April 3, could affect production, employment, and the economies of both countries. Government and industry leaders in Japan and South Korea are concerned and considering measures to mitigate the effects.

Wall Street's main indexes opened lower on Thursday, as President Donald Trump's latest tariff gambit sent auto stocks into a tailspin, while investors sifted through a slew of economic indicators.

US President Donald Trump has announced new auto tariffs and since then apprehensions have been raised over whether these new duties will benefit Tesla or not.

US President Donald Trump's new 25% tariff on all foreign-produced cars and auto components, effective April 3, could increase car prices by up to $12,000. As a result, consumers may face higher costs and fewer options. The tariff also applies to assembled cars in the US using foreign parts, with temporary exemptions under the USMCA.

French Finance Minister Eric Lombard criticized U.S. President Trump's tariffs on car imports as very bad news and an uncooperative act. He warned that the EU would have no choice but to retaliate, with the European Commission preparing a list of U.S. products to target with tariffs. Lombard called for talks with the U.S. to lower tariffs and rebalance the economic situation.

The Nifty Auto index closed 1.04 per cent down at 21516.75.

Indian benchmark indices closed in the green on Thursday, bouncing back from a negative start as advances in heavyweight financial stocks provided support, though further upside was capped by a decline in auto stocks, led by Tata Motors, following the announcement of U.S. tariffs on auto imports.

Declines in auto stocks pushed European shares to a two-week low on Thursday after U.S. President Donald Trump announced plans to slap 25% import tariffs on all vehicles and foreign-made auto parts from next week.

Germany's economy minister and its carmakers harshly criticised Donald Trump's 25% tariff on imported vehicles, highlighting the negative impacts on European and U.S. economies. The minister and auto industry called for urgent U.S.-EU negotiations to avoid a trade war, emphasizing the potential harm to businesses and global supply chains.

U.S. President Trump's 25% tariff on vehicles and auto parts will hardly impact India's automobile industry due to its minimal exposure to the U.S. market. India's car exports to the U.S. are negligible, but the tariff could present an opportunity for India's auto part exporters to expand their market share.

The Nifty Auto index was trading 0.81 per cent down at 21566.3.

Tariffs of 25% on imported finished autos and auto parts announced by Trump are causing uncertainty in the market. While the tariffs seem harsher than expected, there is talk of possible leniency. The situation is compounded by the upcoming fiscal bill aimed at cutting taxes, raising questions about revenue sources.

The Nifty Auto index dropped by 1.6%, trading at 21,385, with 14 stocks in the red and just one stock in the green. Bharat Forge, Ashok Leyland, Balkrishna Industries, Eicher Motors, Bajaj Auto, Apollo Tyres, MRF, TVS Motor Company, Mahindra & Mahindra, Maruti Suzuki, and Hero MotoCorp saw declines ranging from 3% to 0.2%. Exide Industries showed a slight increase in early trading.

Indian benchmark indices Sensex and Nifty 50 rebounded on Thursday after an early dip caused by concerns over US tariffs on auto imports. The IT sector provided support, while the auto sector lagged due to the new import tariffs. Market volatility is expected due to global trade uncertainties.

Global automakers are expected to pass on the 25% U.S. tariff to component suppliers, impacting Indian auto ancillary firms like Tata Motors, Eicher Motors, and Sona BLW. With rising costs, demand may be affected, pressuring margins and prompting companies to diversify and optimize costs.

Donald Trump's announcement of a 25% tariff on all imported vehicles and parts rattled Asian markets, causing significant drops in major automakers' shares. The tariffs, set to begin on April 3, targeted foreign-made cars and key auto parts, with Japan and Canada expressing regret. Trump's hardline trade policies fuel fears of a global recession.

Tata Motors shares: Tata Motors shares fell 6.31% after U.S. President Donald Trump announced a 25% tariff on imported cars and light trucks. The tariff could impact Jaguar Land Rover, which relies heavily on the U.S. market, prompting cost-saving measures and price adjustments.

Japanese Prime Minister Shigeru Ishiba said the government is considering appropriate measures in response to US tariffs on car imports. The tariffs, announced by President Trump, led to a significant drop in shares of Japanese auto manufacturers and highlight the increasing tension and economic impact on US-Japan trade relations.

Tesla CEO Elon Musk mentioned that the U.S. President's new 25% tariffs on imported cars will significantly impact Tesla. The tariffs are set to start next week as part of Trump's broader trade war strategy, which aims to bolster U.S. industry and offset tax cuts.

President Donald Trump announced a 25% tariff on imported cars and light trucks, effective next week. This move is expected to increase car prices and reduce production. Critics, including the European Commission and Canada, condemn the tariffs, while the United Auto Workers support them. Tariff exemptions apply temporarily to USMCA-compliant automotive parts.

Oil prices have risen slightly due to concerns over tighter global supply amid U.S. threats of tariffs on Venezuelan oil buyers. Additionally, the announcement of a new 25% tariff on imported cars could impact oil demand. Analysts suggest the tariffs might slow the transition to more fuel-efficient vehicles.

The euro weakened to a three-week low, and the yen held steady after President Trump imposed a 25% tariff on imported cars and light trucks, triggering concerns over U.S. growth and potential inflation. The dollar index remained near its recent highs, while the focus shifts to reciprocal tariffs expected next week.

Trump's auto tariffs: U.S. President Donald Trump will implement new 25% tariffs on automobiles beginning at 12:01 a.m. EDT on April 3, 2025. However, auto parts imports will receive a one-month reprieve, with tariffs taking effect no later than May 3, 2025, according to his signed proclamation.

Tesla may benefit from the new auto tariffs announced by President Trump, as their U.S.-made vehicles won't be subject to the tariffs. However, all automakers, including Tesla, will face higher production costs due to imported parts tariffs, potentially increasing car prices significantly.

President Trump announced a 25% tariff on imported non-U.S.-built cars, effective April 3. This move targets vehicles and parts from countries with free-trade agreements with the U.S., including Canada, Mexico, and South Korea. The tariffs aim to bolster U.S. national security by supporting domestic automakers, although they may violate existing trade agreements.

US President Donald Trump announces 25% tariffs on auto and auto parts, claiming they threaten the country's industrial base and national security. The move is backed by labor unions but raises concerns among the automotive industry about higher car costs and potential job losses.

President Donald Trump announced a 25% tariff on auto imports to boost domestic manufacturing, projecting $100 billion revenue annually. While the tariffs aim to increase U.S. factory openings, they may elevate car prices and affect the global supply chain. Foreign leaders critically responded, and Trump hinted at an auto loan interest tax deduction for American-made vehicles.

Tesla currently faces a number of challenges in Europe, ahead of the launch of its new Model Y mid-size SUV this month.

President Trump plans to announce auto tariffs, potentially up to 25%, which could significantly impact the global auto industry and raise car prices. The administration may use the findings from a 2019 trade investigation to justify these tariffs, aiming to counteract what they perceive as unfair treatment of U.S. automotive exports.

President Trump plans to announce auto tariffs potentially targeting major car-manufacturing countries, which could raise vehicle prices for US consumers. Details regarding exemptions, immediate effects, and impacted vehicles remain unclear. The move aims to boost domestic production but risks disrupting integrated supply chains and sparking economic concerns.

The Nifty Auto index closed 0.02 per cent up at 21742.8.

Ashok Leyland has denied reports about being in advanced talks to acquire the promoter's stake in SML Isuzu from Sumitomo Corporation. They clarified that the claims are factually incorrect and assured stakeholders of adhering to regulatory guidelines for disclosures. The company emphasized their commitment to transparency, urging media reports on this matter to be disregarded.

Maruti Suzuki's Board has approved the establishment of a third plant at Haryanas Kharkhoda, set to increase the total capacity to 7.5 lakh vehicles per year by 2029. This expansion is part of the company's strategy to enhance production and meet growing demand.

Rajesh Bhatia, CIO at ITI Mutual Fund, suggests that the market will be stock-specific rather than trending. He recommends focusing on sectors like power and defence while avoiding auto stocks. Additionally, he believes declining interest rates will benefit banks and NBFCs. Enthusiasm should be kept low with selective stock picking being key.

Market recovery is expected to be gradual, with a focus on quality stocks. Infrastructure, pharma, and tourism sectors remain strong. Gold financing benefits from high prices, while auto faces mixed prospects. Investors should monitor US tariffs and diversify portfolios for long-term gains.

The Nifty Auto index was trading 0.74 per cent up at 21897.5.

Auto sales have been weak recently, especially in the two-wheeler sector, but Maruti could benefit if consumer demand revives. Auto components face uncertainties due to US tariffs, but infra stocks remain promising with robust order books. Moreover, exchange stocks like MCX present attractive long-term opportunities despite potential regulatory risks for IEX.

The Indian auto component industry faces export challenges due to US tariffs, demand weakness in the Middle East, and a European slowdown, according to a report by DAM Capital Advisors. Indian manufacturers are seeking new clients to offset these issues.

India aims to become the world's largest automobile market by 2030, with a focus on electric and alternative fuel vehicles. The government is enhancing highway infrastructure, targeting 60 km of construction daily, and improving EV charging facilities, with 670 roadside amenities planned.

Roshni's journey to success is a testament to her hard work and family support. Despite facing financial constraints, she enrolled in a government school and pursued her dreams. Her mother's motivation and teachers' encouragement played a significant role in her achievement.