BUZZ-Indian auto stocks rise after US-India trade deal

Reuters
02/03
BUZZ-Indian auto stocks rise after US-India trade deal

** Indian auto stocks up between 1.2% to 8.9% after India-U.S. trade deal lowers Washington's tariffs on Indian exports to 18%, from 50% earlier

** U.S. rescinding punitive 25% duty on all imports from India over its purchases of Russian oil

** Gains led by auto parts makers; Balkrishna Industries BLKI.NS up 7.3%, Bharat Forge BFRG.NS jumps 8.7%, Samvardhana Motherson SAMD.NS rises 6.8%

** Jefferies says key beneficiaries includes auto ancillaries with meaningful exposure to the U.S. such as Sona BLW Precision Forgings SONB.NS, which is up 7%

** All constituents of Nifty Auto in the green

** NIFTYAUTO up 23.5% in 2025, while Nifty 50 index .NSEI gained 10.5%

(Reporting by Nandan Mandayam, Meenakshi Maidas in Bengaluru)

((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))

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