Bengaluru, April 4 -- The automobile industry in India is one of the largest and fastest-growing sectors, playing a crucial role in the country's economy. India is the fourth-largest automobile market globally, with a strong presence in both passenger and commercial vehicles. The sector is driven by a growing middle class, increasing urbanization, and rising disposable incomes.

A report by Tata Mutual Fund stated that India exports nearly $6.8 billion worth of automobiles and auto components to US, and the tariff is likely to impact the price competitiveness of these companies as well as their suppliers.

Reason for the Fall The fall in auto stocks is mainly due to the 25 percent tariff imposed by the U.S. on imported cars and auto parts...