scorecardresearchAutomakers will benefit from lower steel prices, fuel duty cuts: Report

Automakers will benefit from lower steel prices, fuel duty cuts: Report

Updated: 24 May 2022, 12:42 PM IST
TL;DR.
Analysts have turned positive on auto stocks in response to the government's initiatives to reduce excise duty on petrol and diesel, which they believe would boost demand recovery and lower the cost of vehicle ownership in the future.
On Saturday, the government decided to impose export duties on critical steel-making raw materials such as iron ore and pellets.

On Saturday, the government decided to impose export duties on critical steel-making raw materials such as iron ore and pellets.