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Interim Budget 2019: Auto stocks rise with FM Piyush Goyal's rural push

Hero MotoCorp leads rally, other big gainers include Maruti Suzuki and Ashok Leyland; EV makers seek time-bound plan achieve govt's 2030 mission

Piyush Goyal
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Piyush Goyal

T E Narasimhan Chennai
Auto stocks were buoyant on the National Stock Exchange, Friday afternoon, after Finance Minister Piyush Goyal announed a series of measures in Interim Budget 2019, which are likely to boost the rural economy and consequently push the auto sales in that market.

The Nifty Auto index was trading 4.33 per cent up at 8,575 around 01:20-1.25pm, with shares of Hero MotoCorp (up 7.55 per cent), Maruti Suzuki India (up 6.40 per cent) and Ashok Leyland (up 6.09 per cent) as top gainers.


Subrata Ray,