Auto Stocks Surge on Trump's Possible Tariff Exemption

Indian auto stocks surged following U.S. President Donald Trump's indication of potential exemptions from the 25% tariffs on auto imports. This prompted significant gains among major companies, with Motherson, Bharat Forge, Tata Motors, and Mahindra & Mahindra seeing increases of up to 8%. Trump's comments suggested he is considering assistance for car manufacturers relocating production to the U.S. from countries like Mexico and Canada, which sparked optimism among investors. The Nifty Auto index rose by about 3.4%, reflecting renewed investor confidence in the sector. Although the broader market showed positive trends, concerns about Trump's unpredictable trade policies continue to linger.