Indian auto parts exporters to gain US market share after trade deal, Nomura says
10/02/2026 05:02
** 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;))