Maruti, Tata Motors lead auto rally

The Auto index was up 1% at 7,316.

Tata Motors zoomed 4% to Rs 730. The counter witnessed trades of 1.66 million shares on the BSE.

Maruti Suzuki ended at Rs 1,612, up 1.5% from its previous close. The counter clocked volumes of 135,072 shares on the BSE.

Mahindra & Mahindra slipped 1% to Rs 1,066. The counter saw trades of 181,871 shares on the BSE.
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(Updated at 1147hrs)

Sales of the country's major car makers grew a record 63% in November. The eight car makers account for over 90% of the country's total domestic car sales.

The auto index has added 1% at 7,307.

Maruti Suzuki is now trading at Rs 1,614, up around 2% from the previous close.The counter has clocked volumes of 47,382 shares as compared to the two-week daily average traded volumes of 117,656 shares on the BSE.

Tata Motors is now at Rs 717, up 2% from the previous close. The counter has witnessed trades of 399,849 shares as compared to the two-week daily average traded volumes of 859,964 shares on the BSE.

Mahindra & Mahindra on the other hand is flat at 1,078. Around 50,339 shares have been traded on the BSE as compared to the two-week daily average traded volumes of 140,283 shares on the BSE.

Other auto stocks like Escorts have zoomed 5% to Rs 121. It is followed by Ashok Leyland, Apollo Tyres,  Amtek Auto, Tata Motors and Bajaj Auto, up 2-4% each.

Cummins India and Hero Honda are down 0.5% each.