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Buy dips in auto stocks amid Tesla's India debut, Trump tariffs: Analysts

Business Standard LogoBusiness Standard3d ago

Buy dips in auto stocks amid Tesla's India debut, Trump tariffs: Analysts - Business Standard

Quick Summary:

Tesla’s entry in India has been doing the rounds for years, and is largely discounted in the stock prices,” said Sanjeev Hota, head of research at Mirae Asset Sharekhan.

So overall, I see Tesla’s entry expanding the EV market in India but it may not eat into the market segment of the existing listed EV players,” he said.

According to analysts, Donald Trump’s tariff announcement has sent ‘shockwaves’ across the auto industry; however, the implementation might be tough as it may be inflationary for the US consumers.


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Category: BusinessFinance

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-20 @ 12:04:03 (3 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 680 words

Reading Time: 4 minutes read

Sentences: 28 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 26286774

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 165 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

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Publication Timezone: GMT +5:00

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Publisher ID: #49

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