Shares of Motherson Sumi Wiring (SAMIL) and Sona BLW Precision Forgings (Sona Comstar) surged in early trade on April 15, 2025, following reports that former U.S. President Donald Trump is considering modifying or easing the proposed 25 percent import tariffs on automobiles from Mexico and Canada. The news has sparked optimism among Indian auto component exporters with significant exposure to the North American market.
As of 9:18 AM IST, Motherson Sumi Wiring was trading at Rs 127.44, up 7.79 percent from its previous close of Rs 118.23. The stock opened at Rs 128.00 and moved within a range of Rs 125.00 to Rs 130.05. Its 52-week range stands between Rs 107.25 and Rs 216.99, with volumes recorded at over 1.12 crore shares.
Sona BLW Precision Forgings was up 6.09 percent at Rs 456.30, compared to its previous close of Rs 430.10. The stock opened at Rs 452.60 and hit a high of Rs 464.00, with a low of Rs 450.00 in early trade. Its 52-week range is between Rs 380.00 and Rs 768.65, with volumes of over 8.75 lakh shares recorded by 9:18 AM.
The market interpreted the potential tariff modification as a positive signal, easing concerns around cross-border cost pressures for companies like SAMIL and Sona Comstar, which supply parts to global automakers.
Disclaimer: The above information is based on market data and publicly available news as of 9:18 AM IST on April 15, 2025. Please consult a financial advisor before making any investment decisions.
