Auto stocks slide after West Asia escalation; Hero MotoCorp lags
Auto sales volumes were strong for most companies in August, except Hero MotoCorp. Shares of auto names fell after overnight escalation in West Asia, dragging the Nifty Auto index over 3% lower.
New Delhi, Sept.
2 -- Auto sales volumes for August have been impressive for most companies-except Hero MotoCorp.
Yet, the shares of all auto companies reacted negatively on Wednesday after an overnight escalation in the West Asia conflict, dragging the Nifty Auto index over 3% lower.Among two-whee…