Indian auto parts makers climb after US plans to ease auto tariffs
29/04/2025 04:58
** Shares of Indian auto-parts manufacturing firms rise ** Samvardhana Motherson SAMD.NS up 2.4%, Sona BLW Precision Forgings SONB.NS and Bharat Forge BFRG.NS climb 4% and ~3% respectively ** U.S. Commerce Secretary Howard Lutnick said in a statement on Monday that President Donald Trump will move to reduce the impact of his auto tariffs, signalling easing trade war concerns ** YTD SAMD has fallen ~14%, SONB and BFRG has declined 22% and 14% respectively (Reporting by Hritam Mukherjee in Bengaluru) ((Hritam.Mukherjee@thomsonreuters.com;))
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