Indian Auto Stocks Rise Up to 3% on Strong October Sales
Automaker shares rose on November 2 as strong October sales pointed to resilient festive demand. The Nifty Auto index was up 1.07% at 25,694.6 at 9:55 a.m.
Shares of automakers rose on November 2 after strong October sales underscored resilient festive demand, with analysts favouring two-wheeler and commercial vehicle makers for their greater ability to pass on rising input costs.At 9:55 am on November 2, the Nifty Auto index rose 1.07% to 25,694.6 po…