Indian auto parts makers climb after US plans to ease auto tariffs
ReutersApr 29, 2025 3:58 AM
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
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