TVS Motor Company (down 5.56%), Escorts (down 3.42%), Maruti Suzuki India (down 2.98%), Mahindra & Mahindra (down 2.87%), Hero MotoCorp (down 2.64%), Tata Motors (down 2.60%), Bajaj Auto (down 2.54%) and Ashok Leyland (down 0.20%), edged lower.
The BSE Auto index was down 2.76% at 8,286.88. It underperformed the Sensex, which was down 2.15% at 15,865.04.
The BSE Auto index had outperformed the market over the past one month until 9 December 2011, falling 6.16% compared with the Sensex's 6.62% decline. The index had also outperformed the market in past one quarter, sliding 2.65% as against 3.87% fall in the Sensex.
Purchases of automobiles, including that of cars, utility vehicles and commercial vehicles are substantially driven by financing.
India's largest truck maker by sales Tata Motors' total sales rose 41% to 76,823 units in November 2011 over November 2010.
India's largest tractor maker by sales Mahindra & Mahindra's total auto sales jumped 52.7% to 40,722 units in November 2011 over November 2010.
Commercial vehicles maker Ashok Leyland reported 53.36% jump in commercial vehicle sales at 7,878 units in November 2011 over November 2010.
India's largest motorcycle maker by sales Bajaj Auto's total vehicle sales jumped 25% at 374,477 units in November 2011 over November 2010.
India's largest motorcycle maker by sales Hero MotoCorp's sales rose 27.4% to 536,772 units in November 2011 over November 2010.
Another motorcycle maker TVS Motor Company's total sales rose 12% to 175,535 units in November 2011 over November 2010.
India's largest car maker by sales Maruti Suzuki India's total sales fell 18.5% to 91,772 units in November 2011 over November 2010.
Car sales in India rose in November, the first monthly rise in five, an industry body said on Thursday, 8 December 2011 as the industry rebounded strongly from the biggest fall in over a decade the month before. Domestic passenger car sales increased by 7% to 1,71,131 units in November 2011, from 1,59,939 units in the same month last year. According to figures released by the Society of Indian Automobile Manufacturers (SIAM) on Thursday, motorcycle sales in the country grew by 22.67% to 8,69,070 units during the month from 7,08,476 units in the corresponding month last year. Total two-wheeler sales grew by 25.27% to 11,63,294 units last month from 9,28,660 units in November 2010, as per the data. Sales of commercial vehicles grew by 34.99% to 66,264 units in the month under review from 49,087 units in the year-ago period, SIAM said.
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