AUTOMOTIVE PARTS PRICE ADJUSTMENTS
India can feed off China's misery again as global automakers eye desi drive
Nomura's report suggests that increased US tariffs on Chinese imports could benefit Indian auto part manufacturers as global automakers seek alternative suppliers. While the US-China trade tensions may negatively impact US demand and Indian discretionary consumption, India's ongoing negotiations for a bilateral trade agreement with the US could improve its competitive position by 2025.
Microsoft hikes Xbox console prices worldwide as gaming industry faces tariff uncertainty. Check rates
Microsoft increased the prices of its Xbox consoles and games. The Xbox Series S now costs $379.99 in the US. The Xbox Series X is priced at $599.99. The company cited market conditions and development costs. Sony and Nintendo also adjusted prices. These changes are happening amid global trade tensions. Experts warn of higher prices on electronics due to tariffs.
Trump’s tariff not applicable on Canadian auto parts under CUSMA compliance
Canadian auto parts meeting CUSMA standards are exempt from new U.S. tariffs, providing relief to Canada's auto industry. This exemption safeguards economic growth and jobs in key provinces, reinforcing CUSMA's role as a shield against trade disruptions. The decision eases tensions and highlights the value of free trade within North America.
Shein, Ford, Procter & Gamble and more: Full list of American companies raising prices due to Trump's tariffs
President Donald Trump warned of short-term pain resulting from his tariffs and that pain has arrived in the form of higher prices. A wide range of products — from car tires to clothing, many of which are produced in China — have seen price hikes in recent weeks as retailers face increased costs due to tariffs. Companies like Ford, Shein, Procter & Gamble, Amazon are some of the big names that are raising prices due to Trump's tariffs.
Tariff Turbulence: The ripple effects of Trump's trade policies on Indian exports
The US imposed tariffs on Indian imports, starting with 10% on April 5, 2025, escalating to 26% before a 90-day suspension on specific tariffs from April 10. As India and the US negotiate a trade deal, Indian exporters, particularly in sectors like machinery, pharmaceuticals, and textiles, face potential financial impacts.
Amazon sellers are stocking up in the face of tariffs, but it's a short-term fix
Amazon is grappling with the potential impact of tariffs on its third-party sellers, who are currently stocking up to mitigate the effects. However, analysts predict that price increases and margin pressures are inevitable in the coming months as inventories deplete.
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Temu ditches Chinese imports model to avoid Trump’s tariffs
Temu, known for its cheap Chinese imports, is shifting to a "local fulfillment" model, focusing on US-based merchants to avoid tariffs and maintain prices. This move comes as retailers like Shein and Alibaba face rising import taxes and the end of tariff exemptions. Temu aims to help local businesses and improve service levels amidst these challenges.
Audi to hike vehicle prices by up to 2 pc from May 15
Audi India announced it will increase vehicle prices by up to 2% across its entire model range starting May 15. The luxury carmaker attributes this price hike to the rising exchange rate and increased input costs. This adjustment is deemed essential for the company and its dealers to maintain sustainable growth while minimizing the impact on customers.
Eternal shares in focus after Q4 profit slumps 78% YoY, revenue jumps 64%
Eternal shares: The significant decline in profit was primarily due to a 68% year-on-year rise in total expenses, which climbed to Rs 6,104 crore. The company cited increased investments in its quick commerce arm, Blinkit, along with higher infrastructure spending across various segments, as key factors behind the surge in costs.
Ford CEO admits startling reality: Automaker so dependent on foreign supply chains it can’t even buy critical car parts in U.S
Ford CEO Jim Farley reveals the company's reliance on foreign auto parts. Some components like fasteners and carpets are unavailable in the US. Importing these parts is more economical for Ford. Tariffs on imported parts will increase production costs. This will eventually lead to higher prices for consumers. Ford will offer employee pricing for another month to boost demand.
Here’s how much Microsoft Xbox consoles, accessories, and games will cost now
Microsoft announces significant price hikes for Xbox consoles, controllers, headsets, and select first-party games, effective May 1, 2025. The Xbox Series X now retails at $599.99, while first-party games are set to be priced at $79.99 this holiday season. These adjustments reflect rising development costs and market conditions
NYSE-parent ICE's first-quarter profit rises on robust trading volume
Intercontinental Exchange reported an increase in first-quarter profit on Thursday, as it benefited from strong trading volumes in energy and options segments.
MetLife first-quarter profit rises on strong investment gains; launches $3 billion buyback
MetLife reported a nearly 5% rise in first-quarter profit, fueled by higher premiums and investment income, further announcing a $3 billion share buyback. Increased risk from cyber attacks and global events has sustained insurance spending, leading to higher premium prices. The insurer will also reinsure $10 billion in U.S. retail variable annuity reserves.
For medium-term investors with appetite for ‘time risk’: 6 small-cap stocks from different sectors with upside potential up to 37%
Uncertainty rules both the domestic and global markets. And we seem headed for a slowdown in corporate earnings growth. In times like these, it might not appear to be a good idea to look at small-cap stocks. But, consider this: After witnessing sky-high valuations, there has been a correction in the small-cap space in the last three months. There are some stocks and sectors where companies with good products or services have reached a level where they are worth looking at. Even assuming the global market again turns volatile in the short term, these businesses are worth owning for the long term.
UNO Minda, JV boards approve project report for EV power train products
UNO Minda Ltd and Suzhou lnovance Automotive have approved a Rs 423 crore project to develop and manufacture high-voltage EV power train products through their joint venture. UNO Minda's board has also approved a Rs 114 crore investment for a 70% stake in the JV, which will focus on components for four-wheeler passenger and commercial electric vehicles.
Aston Martin limits US exports to counter Trump's tariffs, quarterly loss narrows
Aston Martin announced it is curbing exports to the U.S. to mitigate the effects of tariffs imposed by former President Donald Trump. Despite these challenges, the luxury carmaker reported a smaller-than-anticipated first-quarter loss, attributed to reduced expenses and increased average selling prices. The company's adjusted pretax loss was ?79.8 million, outperforming analysts' expectations.
Trump eases auto tariffs burden as Howard Lutnick touts first foreign trade deal
President Trump softened auto tariffs with credits and levy relief, aiming to ease investor concerns amid criticism of his economic policies. The move, allowing carmakers more time to increase domestic component usage, comes as a new set of import taxes looms.
Trump to offer automakers some relief on his 25% tariffs, after worries they could hurt US factories
President Trump is set to sign an executive order easing some of the 25% tariffs on autos and auto parts, a move intended to boost domestic manufacturing jobs. The changes aim to prevent multiple tariffs on foreign-made vehicles and reduce tariffs on imported parts used in U.S. auto production.
Trump to offer automakers some relief on his 25% tariffs, after worries they could hurt US factories
President Trump will sign an executive order easing 25% tariffs on autos and parts, aiming to support US manufacturing and jobs. The move, welcomed by automakers, seeks to reduce costs and retroactively adjust enforcement. Experts warn, however, broader tariffs may still raise prices and hurt overall auto sales and growth.
Trump to reduce impact of auto tariffs, Commerce secretary Howard Lutnick says
The Trump administration is set to ease the impact of automotive tariffs by reducing duties on foreign parts used in domestic car manufacturing. This move aims to reward companies manufacturing in the U.S. and encourage further domestic investment.
Akshaya Tritiya 2025 offers: From Tanishq to PC Jeweller, check out the top discounts offered by retailers amid high gold prices
Akshaya Tritiya is approaching. Jewellery retailers in India announce discounts to attract buyers. Tanishq, Senco Gold, and PC Chandra Jewellers are among the brands with special offers. Discounts are available on gold and diamond jewellery making charges. Akshaya Tritiya will be observed on April 30, 2025. Buying gold on this day is considered auspicious for prosperity and growth.
Bharat Forge shares in focus as Trump plans to ease auto tariff impact
Bharat Forge shares may be in focus after U.S. officials said the Trump administration would ease proposed automotive tariffs to protect domestic manufacturing and avoid compounded costs. The move follows industry warnings about supply chain disruptions. Meanwhile, analysts maintain a 'Hold' rating on Bharat Forge with an average target price of Rs 1,202, implying an 8% upside.
Ramkrishna Forgings shares fall on disclosure of inventory discrepancies
The company’s promoters on Monday pledged to step in and fund any shortfall, helping cushion the blow. “Our priority at this moment is to ensure correct assessment of the discrepancies and to take appropriate remedial measures,” managing director Naresh Jalan said on an investor call.
These large-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of more than 31%
This is an undeniable fact. Most investors who have Rs. 1 lakh to invest would prefer to buy 5,000 shares of a small-cap company rather than put the same amount in Reliance and own just 73 shares. Or a Larsen and Toubro for just 30. Most investors also want the rapid returns that small- and mid-cap stocks seem to offer. We have, of course, nothing against small- and mid-caps. Some of them may indeed do well. Though many may not. The greater probability, however, is that, in the long term and from current levels, large-caps like RIL and LT may give higher returns and see less drawdown in volatile markets.
Tariffs are bad for EVs, but some models may have a leg up
President Trump's proposed tariffs on imported auto parts could significantly impact the electric vehicle market. While potentially benefiting some U.S.-made EV models like Tesla's Model Y and Volkswagen's ID.4, the tariffs risk raising prices for all vehicles and hindering EV manufacturing, potentially ceding ground to Chinese automakers.
Trump says markets are adjusting to his tariff policy
US President Donald Trump on Friday told reporters his administration will be reasonable as it enacts tariffs, adding that he thinks financial markets are adjusting to his tariff policy.
Donald Trump may exempt carmakers from some US tariffs: Report
President Trump is considering tariff exemptions for car parts from China, following industry lobbying, while maintaining duties on imported steel, aluminum, and foreign-made cars. The 25% tariff on foreign-imported car parts is expected to continue, impacting automakers already struggling with on-again, off-again tariffs.
Major brands from tech to fashion announce price hike due to Trump’s new tariffs: Here’s what will cost you more
With a sweeping 10% tariff now applied to nearly all imports, excluding critical sectors such as semiconductors and pharmaceuticals, businesses are adjusting their operations to adapt to the shifting trade environment.
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