Auto index hits 52-wk low; Maruti Suzuki, Escorts down over 15% in 1-month

Escorts, Force Motors, Maharashtra Scooters, VST Tillers, Eicher Motors, Atul Auto, Amara Raja Batteries, Exide Ind, Motherson Sumi Systems and Minda Ind were down 10% to 28% in past one month.

Shares of automobile companies were trading weak for the sixth straight session on concerns of a slowdown in demand due to rising crude oil and commodity prices, especially petrol and diesel.

The Nifty Auto index (down 1% at 9,903) and the S&P BSE Auto index (down 1% at 22,168) hit their respective 52-week lows in intra-day trade on Tuesday. In past one month, the auto indices have underperformed the market by falling 10% as compared to a 5.5% decline in the benchmark indices.

Escorts, Force Motors, Maruti Suzuki India, Maharashtra Scooters, VST Tillers Tractors, Eicher Motors and Atul