Share market update: Auto shares in the red; Tata Motors slips 4%

NEW DELHI: Auto shares were trading in the red in Thursday's session with the major auto companies announcing their July auto sales numbers.

Escorts sales declined 13.4 per cent from the year-ago month as the company sold 4,860 tractors in July while the sales of Bajaj Auto fell first time in two years to 3.81 lakh vehicles last month, seeing a decline of 5 per cent year-on-year.

Meanwhile, the country’s largest carmaker Maruti Suzuki sold 1.09 lakh units in July, a dip of 33.5 per cent from the year ago period. Also, Mahindra & Mahindra’s auto sales fell 15 per cent on a yearly basis in July while its tractor sales were down 12 per cent. Also, sales of Ashok Leyland fell 28 per cent to 10,927 units in July on a yearly basis while that of TVS Motor’s declined 13 per cent to 279,465 units.


The Nifty Auto index was trading 0.23 per cent down at 6836.15 around 12:39 pm.

Shares of Tata Motors (down 3.83 per cent), Ashok Leyland (down 1.93 per cent) , Apollo Tyres (down 1.71 per cent) and Motherson Sumi Systems (down 1.36 per cent) were trading with losses.

Mahindra & Mahindra (down 1.07 per cent) , TVS Motor Company (down 1.02 per cent) , Amara Raja Batteries (down 0.41 per cent) and Exide Industries (down 0.41 per cent) too were among the top losers in the index.

Benchmark NSE Nifty50 index was down 128.90 points at 10,989.10 while the BSE Sensex was down 430.33 points at 37,050.79.

Among the 50 stocks in the Nifty index, 10 were trading in the green, while 40 were in the red.

Shares of YES Bank, Vodafone Idea, Ashok Leyland, Dish TV India, Tata Motors, ZEEL, Wipro, Bank of Baroda, PNB and UPL were among the most traded shares on the NSE.