Indian auto stocks set to end 3-week losing run after Trump mulls tariff exemptions

About this update from Balkrishna Industries Limited

** Indian auto stocks climb 3.9% this week, set to snap 3-week losing run** U.S. President Donald Trump said on Monday he was considering tariff exemptions for auto-related imports that drew a 25% levy** Nifty Auto NSE:CNXAUTO index dropped 5.6% over the last 3 weeks since Trump's administration announced tariff on all automobiles and auto parts imports into the country** India's top auto parts maker Samvardhana Motherson NSE:MOTHERSON biggest weekly gainer, followed by tyre maker Balkrishna Industries' NSE:BALKRISIND 7.6% climb** Other U.S.-reliant suppliers Bharat Forge NSE:BHARATFORG and Sona BLW NSE:SONACOMS gain 6.6% and 4.7% respectively** Tata Motors NSE:TATAMOTORS, whose luxury unit Jaguar Land Rover gets one-fourth of sales from U.S., gains 4.9%** Most stocks on 15-member index rated "buy" on avg - data compiled by LSEG** NIFTYAUTO trims losses since Trump announced the auto tariff plan on March 26 to 1.5%

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