Tata Motors, Maruti shares advance up to 3% as US-Japan trade deal revives hopes for India–US pact
ADVERTISEMENT Tata Motors gained 2.9% to Rs 692.95 on the BSE, while Maruti Suzuki rose 1.7% to Rs 12,715.05. Mahindra & Mahindra advanced 1.3%, touching an intraday high of Rs 3,302.90. The Nifty Auto index rose as much as 1% during the session, with gains seen across Bajaj Auto, TVS Motor, and Hero MotoCorp.
The rally was part of a broader uptick in Asian auto stocks following the announcement of a U.S.–Japan deal that slashes tariffs on Japanese car exports to the US from 25% to 15%.
Japanese Prime Minister Shigeru Ishiba said the U.S. had also agreed not to cap auto imports, while U.S. President Donald Trump, posting on Truth Social, highlighted $550 billion in planned Japanese investments into the U.S. and improved market access for American rice, cars, and farm goods.Japanese automakers surged on the Tokyo Stock Exchange, with Toyota Motor Corp jumping 15% and Honda Motor Co rising more than 11%. The Nikkei 225 index climbed over 3% in afternoon trade.
Although a U.S.–India trade deal has faced delays, the latest developments have revived investor expectations. Traders are now betting that India could benefit from the White House's apparent push to fast-track multiple trade agreements before the August 1 tariff deadline.
ADVERTISEMENT Indian automakers, many of which have sizeable global footprints and rely on sentiment-driven demand cycles, stand to benefit if tariffs ease or trade barriers fall. The Nifty Auto index has now gained more than 4% since the beginning of the year.Also read | Aditya Birla Real Estate shares down 32% from peak. Can the stock reclaim Rs 2,400 post Q1 results?(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
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