Auto stocks saw notable gains after U.S. President Donald Trump announced a 90-day pause on tariffs for most countries, excluding China. The announcement, which came unexpectedly, provided relief to global markets and boosted investor sentiment in the Indian auto sector.
As of 9:37 AM, the shares of major auto companies were trading in the green. Tata Motors was among the top gainers, rising 4.18% to ₹607.25. The stock saw increased investor interest amid improved global sentiment and easing trade concerns.
Bajaj Auto witnessed a strong uptick, advancing 2.14% to ₹7,734.50. Mahindra & Mahindra gained 2.02% to ₹2,573.95, while Eicher Motors climbed 2.20% to ₹5,374.00.
Other key auto stocks also traded higher. Hyundai Motor India rose 1.85% to ₹1,622.00, TVS Motor Company added 1.59% to ₹2,514.70, and Hero MotoCorp moved up 1.78% to ₹3,675.00.
Ashok Leyland surged 2.40% to ₹209.60, while JBM Auto advanced 3.59% to ₹608.05. Force Motors joined the rally with a 2.05% gain to ₹8,644.50.
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