Indian auto parts makers climb after US plans to ease auto tariffs

Sona Blw Precision Forgings

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;))