Bajaj Auto Drops 8%, Auto Stocks Slide on Weak September Sales
Indian auto stocks fell sharply on Thursday, October 1, after September sales figures from several manufacturers missed expectations. The Nifty Auto index dropped over 3 percent, with Bajaj Auto and Mahindra & Mahindra among the biggest decliners, while Hyundai Motor saw gains.
Auto stocks came under heavy selling pressure on Thursday, October 1, after September sales numbers from several automakers fell short of expectations, dragging the Nifty Auto index down more than 3 percent. Bajaj Auto and Mahindra & Mahindra (M&M) were among the biggest losers, while Hyundai Motor…