Nifty Auto Slips Over 0.50% as Balakrishna Industries, M&M, Bharat Forge, MRF Fall As Trump Tariffs Add to Pressure

Mumbai, 29 August 2025: The Nifty Auto index declined by 0.59%, or 149.60 points, to trade at 25,033.90 as of 10:30 AM. Heavy selling in key auto stocks, triggered by the 50% import tariffs imposed by US President Donald Trump, drove the sector lower. The index moved within a high of 25,197.50 and a low of 24,891.75, compared to its previous close of 25,183.50. Out of 15 constituent stocks, 11 traded in the red while only 4 saw gains.

Major Auto Shares Fall Sharply as Balakrishna Industries, M&M, Bharat Forge and MRF Lead Losses

As of 10:30 AM, key auto stocks witnessed a broad-based decline, leading the Nifty Auto index lower. Balakrishna Industries and Mahindra & Mahindra were the top laggards, while several other major players also recorded losses amid sectoral pressure. The drop reflects concerns over US tariffs impacting exports and general market volatility.

• Balakrishna Industries – down by 2.64% at ₹2,257.70
• Mahindra & Mahindra – down by 2.20% at ₹3,222.70
• Bharat Forge – down by 1.36% at ₹1,109.30
• MRF – down by 1.06% at ₹1,40,765.00
• Ashok Leyland – down by 0.94% at ₹128.60
• Tube Investments – down by 0.78% at ₹2,920.40
• Bajaj Auto – down by 0.74% at ₹8,625.50
• Tata Motors – down by 0.61% at ₹671.30
• Samvardhana Motherson – down by 0.56% at ₹91.59
• Eicher Motors – down by 0.40% at ₹6,108.50
• Exide Industries – down by 0.395 at ₹392.45

Select Auto Stocks Manage Gains as Bosch, Hero MotoCorp, Maruti Suzuki and TVS Motor Edge Higher

Despite overall sector weakness, a few auto stocks managed to record modest gains, providing some support to the Nifty Auto index. Bosch, Hero MotoCorp, Maruti Suzuki, and TVS Motor outperformed their peers, reflecting selective buying interest amid the broader market decline.

• Bosch – up by 0.25% at ₹39,325.00
• Hero MotoCorp – up by 0.45% at ₹5,114.80
• Maruti Suzuki – up by 0.49% at ₹14,824.00
• TVS Motor – up by 1.175 at ₹3,294.00

US Tariffs on Indian Imports and FII Outflows Weigh on Nifty Auto Index

The sell-off in auto shares and the overall decline in the index are the direct result of the 50% tariffs imposed on the import of Indian goods by US President Donald Trump. Since most auto companies export to the US, their shares are under heavy pressure.

Adding to this, net outflows of ₹3,856 crore on August 28 by foreign institutional investors (FIIs) are another reason. Although this was cushioned by net inflows of ₹6,920 crore by domestic institutional investors (DIIs), it did not have a positive effect on the sectoral weakness.

Nifty Auto Index Performance: Trades 10% Below 52-Week High, Maintains Cushion Above Yearly Low

The index currently trades about 10% below its 52-week peak of 27,696.10 but remains well above the yearly low of 19,316.65. The sector continues to reflect volatility driven by international trade developments and large-scale FII activity, influencing overall auto market performance.

REF: https://www.nseindia.com/market-data/live-equity-market?symbol=NIFTY AUTO

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