Auto stocks rallied on Tuesday (April 15, 2025) after U.S. President Donald Trump mentioned that he may briefly exempt the trade from tariffs he beforehand imposed on the sector.
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Motherson jumped over 8%, Bharat Forge surged almost 6%, Tata Motors rallied 4.70%, and Mahindra & Mahindra climbed 4% on the BSE.
The inventory of TVS Motor surged 2.93 per cent, Bajaj Auto (2.67%), Hero MotoCorp (2.42%), Ashok Leyland (2.35%), Maruti (2%) and Eicher Motors (1.84%).
The BSE auto index surged 3.43% to 47,634.47.
The 30-share BSE benchmark Sensex jumped 1,750.37 factors to 76,907.63 in early commerce. The NSE Nifty surged 539.8 factors to 23,368.35.
“Adding to the positive outlook, U.S. President Donald Trump announced on Monday that he is considering exemptions on tariffs for imported vehicles and auto parts,” Vikas Jain, Head of Research at Reliance Securities, mentioned.
Mr. Trump on Monday hinted at briefly exempting the auto trade from tariffs he beforehand imposed on the sector.
Published – April 15, 2025 12:35 pm IST
