Tesla's Indian auto parts suppliers drop on US tariffs

Shares of India's auto parts suppliers to Tesla TSLA.O drop between 4.5% and 7.6% after U.S. President Donald Trump unveiled 25% tariff on all car and auto parts imports

Sona BLW SONB.NS, Tesla's biggest India supplier, down as much as 6.8%

Samvardhana Motherson SAMD.NS and Bharat Forge BFRG.NS fall as much as 7.6% and 4.5%, respectively

Tariffs on car imports are set to take effect from April 2, while those on parts from May 3

Auto component companies have significant global exposure in the range of 30%-80% of their revenues and change in U.S. tariffs is a risk for them - J.P.Morgan

SAMD, SONB rated "buy" on avg, BFRG rated "hold" - data compiled by LSEG

Year-to-date, SAMD, SONB and BFRG down ~14%, ~17% and ~9%, respectively