Indian Auto Stocks Trounce Asian Peers on Modi’s Tax Bonanza

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Ashutosh Joshi

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Indian auto stocks are beating their Asian peers this month by the widest margin in over a year and analysts expect the gains to accelerate.

Nifty Auto Is Outperforming Bloomberg's Asian Peer Gauge

Maruti Suzuki India has surged more than 25% since Aug. 15.

Indian auto stocks are beating their Asian peers this month by the widest margin in over a year, and analysts expect the gains to accelerate as tax cuts boost demand.

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