<ul><li>The Nifty Auto index plunged over 6% on Monday, led by a sharp decline in Bharat Forge shares, which fell by 10%.</li><li>JP Morgan's report highlighted the potential earnings impact on Indian auto suppliers following the recent imposition of a 25% tariff on automobiles and parts by the US.</li><li>The report identified Samvardhana Motherson International, Bharat Forge, and Sona Comstar as the most affected under JP Morgan's coverage.</li><li>Indian suppliers, however, have strong balance sheets and should be able to mitigate the impact through capacity investments and acquisitions of smaller suppliers over time.</li></ul>

Nifty Auto Plummets Over 6% After JP Morgan Highlights Potential Trouble Following Tariffs

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