The Nifty Auto index ended 3.4% higher on Tuesday, against benchmark Nifty's gains of 2.2%. Samvardhana Motherson International was the top performer on the index, up 8%, followed by Balkrishna Industries, Bharat Forge and Tata Motors, which gained 4.5-7% each.
India and the US are set to begin face-to-face discussions in mid-May regarding their proposed bilateral trade agreement, following virtual talks this week. India aims to finalize the initial phase of the trade pact swiftly, potentially by September-October. Officials are monitoring potential import surges due to global tariff uncertainties, with a dedicated cell established for tracking.
A company that makes baby food sold under a Target store brand is recalling more than 25,000 packages of a product because it may contain elevated levels of lead.
