Auto Ancillary Stocks Rally on Trump’s Import Exemption Hints

Auto index surged over 3% in morning trade Shares of

, , , and rallied up to 10% after former U.S. President Donald Trump hinted at possible exemptions on imported auto parts and vehicles. In his statement, Trump mentioned he’s "looking to help some of the car companies" that are shifting production back to the U.S. from countries like Mexico and Canada. The market interpreted this as a positive for Indian auto and ancillary exporters, sparking strong buying interest. Disclaimer: This post is for informational purposes only and does not constitute investment advice.