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Home ยป Auto Stocks Plunge on Disappointing August Sales and Weak Exports

Auto Stocks Plunge on Disappointing August Sales and Weak Exports

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The Nifty Auto index slumped -1.79%, emerging as the day’s worst-performing sector. Eicher Motors (-3.24%) and Mahindra & Mahindra (-2.12%) dragged frontline indices down, while mid-cap auto major Hero MotoCorp plunged over -4.5% after reporting a severe 24.6% YoY decline in August export dispatches.

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