Auto Stocks Outpace Peers in India on Domestic Demand Outlook

Indian auto-related stocks are outpacing the NSE Nifty 50 Index by the most in a year amid an outlook for improvement in domestic demand and relative insulation from global tariffs.

The NSE Nifty Auto Index has gained 4.6% in May, more than double the broader gauge’s advance. Meanwhile, carmaker subgauges in Japan and South Korea have underperformed their respective benchmarks this month amid continued trade war uncertainty.