India's Samvardhana Motherson jumps, sees no material impact from US tariffs

Shares of auto parts maker Samvardhana Motherson SAMD.NS gain 4.2% to 94.01 rupees

Co missed quarterly profit estimates, hurt by tepid global demand for cars

SAMD is well-positioned to navigate evolving tariffs as majority of the sales in the U.S. are United States-Mexico-Canada (USMCA) compliant, Chairman Vivek Chaand says

Adds, for non-USMCA compliant parts, agreements with customers to pass on related costs are in progress

SAMD's shares fell 1.3% on August 7 after the U.S. announced additional 25% tariff on Indian goods over its Russian oil purchases, taking total tariffs to 50%

SAMD is the top percentage gainer on Nifty auto index .NIFTYAUTO, which is up 1.3%

Year-to-date, stock is down ~10% vs ~6% rise in Nifty auto