Hero MotoCorp, Bajaj Auto hit fresh 52-week lows as auto stocks skid

Shares of automobile companies continued to reel under pressure with Maruti Suzuki India, Hero MotoCorp, Baja Auto, Ashok Leyland, and Apollo Tyres from the S&P BSE Auto index hitting their respective 52-week lows on weak demand and regulatory headwinds.

According to news reports, the government has proposed an increase in vehicle registration fees.

Another report said the Road Transport and Highways Ministry has proposed in a draft policy that buyers would not have to pay registration fees for new vehicles if they present a scrapping certificate.

The government, on July 26, proposed amendments to Motor vehicle norms