U.S. President Donald Trump has announced a 25% tariff on imported heavy-duty trucks, saying the decision is meant to protect American manufacturers from unfair foreign competition.
The move, revealed on September 25, 2025, is expected to benefit U.S.-based companies such as Paccar-owned Peterbilt and Kenworth, along with Daimler Truck-owned Freightliner, which together dominate the domestic trucking market. Trump stressed that keeping truck makers and truckers financially strong is important not just for jobs but also for national security.
For global exporters, including Asian and European truck makers, this new tariff will make it harder to compete in the U.S. market. While India does not export many heavy-duty trucks directly to the U.S., the decision could indirectly affect auto parts makers and supply chains linked to American and global truck manufacturers.
Here are a few automobile stocks that make heavy-duty trucks
Tata Motors Limited
With a market capitalization of Rs. 2,49,474.11 crore, the shares of Tata Motors Limited were currently trading at Rs. 677.50 per equity share, rising nearly 1.99 percent from its previous day’s close price of Rs. 664.25.
Tata Motors Limited reported total commercial vehicle (CV) sales of 29,863 units in August 2025, compared to 27,207 units in August 2024, marking a growth of 10 percent year-on-year.
Tata Motors Limited was established in 1945 and is an Indian company that manufactures automotive vehicles. It makes cars, trucks, buses, and commercial vehicles for India and global markets, focusing on innovation and quality.
Ashok Leyland Limited
With a market capitalization of Rs. 83,109.38 crore, the shares of Ashok Leyland Limited were currently trading at Rs. 143.05 per equity share, rising nearly 1.89 percent from its previous day’s close price of Rs. 140.40.
Ashok Leyland reported sales of 6,738 medium and heavy commercial vehicles, including domestic and exports, in August 2025, almost flat compared to 6,719 units in August 2024. The company’s total vehicle sales, including all segments, stood at 15,239 units in August 2025.
Ashok Leyland Limited was founded in 1948 and is headquartered in Chennai. The company is engaged in manufacturing commercial vehicles like trucks and buses. It also produces engines and special vehicles for industrial and marine use in India and abroad.
Force Motors Limited
With a market capitalization of Rs. 23,068.10 crore, the shares of Force Motors Limited were currently trading at Rs. 17,825.55 per equity share, rising nearly 0.36 percent from its previous day’s close price of Rs. 17,760.70.
Force Motors Limited reported sales of 2,403 units in August 2025 in the categories of small commercial vehicles (SCV), light commercial vehicles (LCV), utility vehicles (UV), and sports utility vehicles (SUV). This compares to 2,299 units sold in August 2024, reflecting a growth of 4.52 percent year-on-year.
Force Motors Limited was founded in 1958 by Shri N.K. Firodia is engaged in making commercial vehicles, engines, and automotive parts. It supplies engines to Mercedes, BMW and others and also produces vehicles like vans, SUVs, and off-roaders.
Olectra Greentech Limited
With a market capitalization of Rs. 13,018 crore, the shares of Olectra Greentech Limited were currently trading at Rs. 1,586 per equity share, down nearly 1.61 percent from its previous day’s close price of Rs. 1,611.90.
Olectra Greentech Limited sold 161 vehicles in Q1 FY26, slightly higher than the 156 vehicles sold in Q1 FY25. This represents a modest year-on-year growth, reflecting steady demand for the company’s electric buses, trucks, and related offerings.
Olectra Greentech Limited was established in 2000 and is headquartered in Hyderabad. The company is India’s leading manufacturer of electric buses and composite polymer insulators. The company focuses on sustainable electric mobility solutions, including electric buses, trucks, and tippers, serving various government and private sectors.
SML ISUZU Limited
With a market capitalization of Rs. 4,721.23 crore, the shares of SML ISUZU Limited were currently trading at Rs. 3,262.40 per equity share, down nearly 0.54 percent from its previous day’s close price of Rs. 3280.10.
SML ISUZU Limited reported total vehicle sales of 842 units in August 2025, a 15 percent decline year-on-year from 990 units in August 2024. However, cargo vehicle sales increased to 321 units from 303, reflecting steady demand in that segment despite overall lower volumes.
SML ISUZU Limited was incorporated in July 1983 as Swaraj Vehicles Limited and is engaged in manufacturing light and medium commercial vehicles, including buses, trucks, ambulances, and special-purpose vehicles. The company operates with technology collaborations and exports globally.
Written By- Nikhil Naik
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
