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Auto stocks retreat as tariff concerns and profit booking hit sentiment
Auto stocks slipped as Mexico tariff concerns and profit booking weighed on M&M, Eicher Motors, and Bajaj Auto, prompting investor caution over export risks and near-term earnings visibility.
Shares of major automobile manufacturers declined after investors reacted to Mexico’s proposed tariffs and recent profit booking. Mahindra & Mahindra, Eicher Motors, and Bajaj Auto fell up to two percent, reflecting concerns over export exposure and near-term margin pressure. The selling followed a strong prior rally, with traders choosing to lock in gains amid rising global trade uncertainty and cautious market sentiment toward cyclical sectors.