Rupee fall, Kerala floods hit auto cos; sector loses 20% in m-cap since Aug

Floods in Kerala, for example will have most impact on Maruti and Eicher Motors as over a tenth of sales for each comes from this state

Led by Maruti, the sector has lost about 20 per cent of its market value since the highs at the end of August. India's largest passenger vehicle (PV) maker is perhaps a good reflection of the problems that beset the sector. At the heart of the street’s worries is slowdown in volumes. Maruti, for example, reported flat volumes for September as compared to 10 per cent growth for the fiscal year-to-date period. 

Overall PV growth in September fell by 5.6 per cent, its