New Delhi, Sept. 21 -- Auto and auto ancillary stocks have come under pressure this month, with the sectoral benchmark Nifty Auto falling 6% so far in September through last Friday. Maruti Suzuki has been among the major laggards, with the stock down nearly 11% during the period.

Other sectoral components, including Ashok Leyland, Mahindra and Mahindra, Bharat Forge, Tube Investments of India, Bosch, Bajaj Auto and Eicher Motors, have also declined more than 5% this month.

With the latest decline, the Nifty Auto index is on track to snap its five-month winning streak.

Most auto and auto ancillary stocks have declined in September due to profit booking after recent gains amid elevated oil prices, increased concerns over inflation and th...