** India's auto stocks .NIFTYAUTO jump 0.6%, leading sectoral gains by pct
** Index up 2.8% for the week; set for best week in five
** U.S. expects India to eliminate tariffs on car imports
** CLSA sees no impact on India's passenger car makers if tariffs on U.S. cars removed
** U.S. car makers' cheapest internal combustion engine $(ICE)$ vehicles cost ~$15,000; on-road price with GST in India ~2 million rupees
** On-road price of the cheapest models of EVs, Tesla ~4.3 million rupees
** CLSA doesn't see U.S. car makers competing with India's M&M MAHM.NS, Tata Motors TAMO.NS, Hero MotoCorp HROM.NS, Maruti Suzuki MRTI.NS at these prices
** NIFTYAUTO drops 7.7% YTD
(Reporting by Bharath Rajeswaran in Bengaluru)
((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))
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