Cost risks in India auto sector underappreciated by markets: Report

New Delhi, April 3 The cost pressures facing Indian auto companies are being systematically underestimated by the market, even as investor sentiment on India has taken a distinctly more cautious turn, according to a report released on Friday. A BNP Paribas analysis found investors reluctant to take a clear directional position on the market. Hedge funds were largely removing tilts and factor exposures from their portfolios, with several actively reducing gross exposure. The rapid reversal of US tariff trade seen last year has made investors inclined to view the current energy crisis as potentially short-lived, it said. The broader view…