The Nifty Auto index closed 1.63 per cent at 22303.20.

Stock market update: Nifty Auto index 1.63%

President Trump intends to impose 25% tariffs on Canada and Mexico, impacting several Asian automakers and battery firms. This move affects diverse sectors including auto manufacturers such as Volkswagen, BMW, Toyota, and Nissan as well as electronics giants like Samsung and Lenovo. Production shifts and significant market disruptions are anticipated, urging companies to reassess their strategies.

Trump’s promised tariffs likely to hit global companies from Audi and BMW to Foxconn and LG

The Nifty Auto index was trading 0.69 per cent at 22516.45.

Stock market update: Nifty Auto index 0.69% in a weak market

Tata Technologies is anticipated to report subdued third quarter results with marginal revenue growth of around 0.3%, but an 8% decline in net profit to Rs 157 crore. The companys revenue from the services segment faces headwinds from auto sector weakness and reduced client spending despite a healthy order book.

Tata Technologies will announce its Q3 results today. Here’s what to expect

Trump announced that he will end the green new deal and announce a national energy emergency in order to end the inflation crisis and boost the automobile industry. n18oc_world News18 Mobile App - https://onelink.to/desc-youtube

Trump Inauguration 2025 | Trump Vows To End Inflation Crisis In The US | Trump Latest News | News18 - News18

Union Environment Minister Bhupender Yadav emphasized the need for electric vehicles to constitute 50% of vehicle sales by 2030 to align with the 2070 net zero emission target. He highlighted the benefits, including CO2 emission reduction and job creation, and urged the auto industry to adopt sustainable practices.

EV sales must reach 50 pc by 2030 to achieve net zero goal: Bhupender Yadav

The Nifty Auto index closed 0.52 per cent at 22671.80.

Stock market update: Nifty Auto index 0.52%

ICICI Securities has a reduce call on L&T Technology Services with a target price of Rs 4110, citing a potential drop in margins due to the Intelliswift acquisition. Despite strong revenue growth, the mixed outlook for the auto sector leads to a cautious stance. Promoters hold a significant 73.69% stake in the company as of September 2024.

Reduce L&T Technology Services, target price Rs 4,110: ICICI Securities

ArcelorMittal Nippon Steel India to commission 2M tonne auto steel production, aiming to eliminate steel imports for auto industry.

ArcelorMittal Nippon Steel to commission 2 million tonne auto grade steel capacity by March

Increased competition in India’s electric vehicle market, driven by new launches from Maruti Suzuki and Hyundai, is expected to accelerate the adoption of electric mobility. Auto industry executives believe that a unified push from manufacturers will shift the narrative positively, enhancing consumer confidence and expanding the market.

Entry of more players to help break barriers, accelerate adoption of EVs: Auto industry captains

Currently, homegrown auto majors Tata Motors and Mahindra & Mahindra lead the charge in the domestic EV passenger vehicle segment.

Auto industry players believe entry of more players would break barriers, accelerate adoption of EVs

Nifty Auto Index is designed to reflect the behaviour and performance of the Automobiles segment of the financial market. The NIFTY Auto Index comprises 15 tradable, exchange listed companies. 

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