** U.S. trade deal and depreciating rupee to help Indian auto parts exporters gain U.S. market share, Nomura says

** Levy on auto parts under U.S. trade framework significantly lower than earlier 25%, albeit with a quota

** In 2023, before U.S. tariffs on Indian goods, India accounted for 2% of U.S. auto parts imports, less than Mexico, Canada, China, Japan, Germany share- Nomura

** Bharat Forge BFRG.NS, Sona BLW SONB.NS, Balkrishna Industries BLKI.NS and Sansera Engineering SASE.NS to benefit most, brokerage says

* Adds, improved trade would support local demand for commercial vehicles, benefitting Ashok Leyland ASOK.NS and Tata Motors TATM.NS

** Since Feb 2, when deal was announced, Auto stocks .NIFTYAUTO up about 5%, Nifty 50 .NSEI rose 3.4%

(Reporting by Nandan Mandayam in Bengaluru)

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