Auto stocks fall on BSE, M&M major Sensex loser

Auto stocks fell by over 4% in the early trade on the Bombay Stock Exchange on concerns of fuel price hike due to spiralling crude oil prices, which hit a 29-month high today.

The US crude has crossed the $106 mark.

Auto major Mahindra & Mahindra (M&M) declined by 4.17% to touch an early low of Rs 648 on the BSE, thus becoming the worst hit stock among the 30-Sensex scrips.

Tata Motors also fell by 3.31% touching a low of Rs 1,131 on the back of profit-taking.

The country's biggest carmaker Maruti Suzuki fell by 2.57%, Bajaj Auto by 0.79% and Hero Honda by 0.30%.

Led by losses in these stocks, the BSE auto index lost 2.32% to trade at 8,919.29.

Meanwhile, the BSE benchmark Sensex was trading lower by 276.42 points at 18,210.03 at 10:10 hrs.