Auto stocks tank 11% on Corona virus impact


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Auto stocks tank 11% on Corona virus impact

New Delhi: On Friday auto stocks plunged as supply chain disorganization due to outbreak of Corona virus reduced the view of the industry, which showed the worst sale decline in recent two decades. The auto index BSE fell 3.9% with Tata motors diving 11.1% .

Auto stocks tank 11% on Corona virus impact

Mahindra dropped by 7.5% , Ashok Leyland dropped by 8.2% , Bajaj Auto by 1.6%, Mauti Suzuki down with 0.03% losses.

The domestic auto industry is likely to witness negative impact and face major disruption in the supply if the Corona virus outbreak persists longer in China and other countries.


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