Indian auto stocks set to end 3-week losing after Trump mulls tariff exemptions

Samvardhana Motherson International

17/04/2025 10:24

Corrects to add dropped word "run" in headline

** Indian auto stocks climb 3.9% this week, set to snap 3-week losing run

** U.S. President Donald Trump said on Monday he was considering tariff exemptions for auto-related imports that drew a 25% levy

** Nifty Auto .NIFTYAUTO index dropped 5.6% over the last 3 weeks since Trump's administration announced tariff on all automobiles and auto parts imports into the country

** India's top auto parts maker Samvardhana Motherson SAMD.NS biggest weekly gainer, followed by tyre maker Balkrishna Industries' BLKI.NS 7.6% climb

** Other U.S.-reliant suppliers Bharat Forge BFRG.NS and Sona BLW SONB.NS gain 6.6% and 4.7% respectively

** Tata Motors TAMO.NS, whose luxury unit Jaguar Land Rover gets one-fourth of sales from U.S., gains 4.9%

** Most stocks on 15-member index rated "buy" on avg - data compiled by LSEG

** NIFTYAUTO trims losses since Trump announced the auto tariff plan on March 26 to 1.5%

 (Reporting by Nandan Mandayam in Bengaluru)

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