Why auto stocks are down today? Eicher, Tata Motors, Hyundai, Bajaj Auto and others - Check worst performers
New Delhi, Sept. 2 -- Auto stocks came under heavy selling pressure on Wednesday, September 2, with shares across the sector falling by up to 5% amid a mixed set of August sales numbers and a broader selloff in the Indian stock market.
The Nifty Auto index fell as much as 3.3% during the session, significantly underperforming the benchmark Nifty 50, which declined 1.1%. All stocks in the Nifty Auto index were trading in the red.
Two-wheeler stocks emerged as the biggest losers in the Nifty Auto pack. Hero MotoCorp and Eicher Motors led the declines, falling 6% and 5%, respectively.
Bajaj Auto shares tumbled 3%, while TVS Motor declined 2.65%. The weakness was also visible among passenger vehicle makers. Maruti Suzuki fell 2%, Tata Moto...
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