Tata Motors and Samvardhana Motherson are the Worst Laggards as Auto Stocks Plummet up to 7%
Trump declares a 25% tax on automobiles built abroad: Early on Thursday, March 27, shares of automakers and auto-ancillary businesses, including Tata Motors and Samvardhana Motherson, were heavily pressured to sell. As US President Donald Trump widened the global trade battle on Wednesday by announcing a 25% tax on imported vehicles and light trucks beginning…