Auto Stocks Rally on GST Cuts, Price Reductions

Auto stocks surged on September 8, lifting Nifty Auto over 1.5% to 26,718 as companies announced major price cuts post-GST reduction. Tata Motors and

fM&M rose up to 3%, passing full GST benefits to buyers. Bharat Forge and Ashok Leyland gained ~4%. BofA raised targets across auto stocks, signaling strong upside potential for the sector.