Commodity surge to hit two-wheeler pack the hardest among autos

The NSE Auto index was among the top sectoral losers in trade on Thursday shedding 6.3 per cent. Among the larger listed players, companies with a higher exposure to Europe such as Apollo Tyres (-11.3 per cent), Tata Motors (-10.3 per cent), Motherson Sumi (-7.4 per cent) Balkrishna Industries (6.7 per cent) and Bharat Forge (5.15) were the notable losers. The largest two wheeler maker, Hero MotoCorp fell 6.4 per cent.  The street is concerned about the Russia-Ukraine conflict and the impact it can have on volumes and margins. Within the auto segments, the two wheeler space could feel the