President Donald Trump said he would likely impose tariffs on automobile, semiconductor and pharmaceutical imports of around 25%, with an announcement coming as soon as April 2.

Royal Enfield might have to deal with the effect of reciprocal tariffs since the US remains a major export market for the Indian two-wheeler brand.

Royal Enfield, may be an exception as the bike-making arm of Eicher Motors Ltd., as the US is a major export market for its 650 CC motorcycles. Some auto component makers may be also be affected due to higher tariffs.