Amara Raja, Ashok Leyland hit 52-week low; Maruti Suzuki, TVS Motor down 4%

TVS Motor Company, Maruti Suzuki India, Balkrishna Industries, Apollo Tyres, Bharat Forge, Eicher Motors, Ashok Leyland and Tata Motors were down in the range of 1% to 4% today.

Shares of automobile companies are trading lower with Nifty Auto index and S&P BSE Auto index falling 4.5% in past three days as the auto companies delivered a subdued volume performance in November 2018 and concerns of muted outlook.

At 10:59 am; Nifty Auto (8,839) and the S&P BSE Auto (19,937) were down 1.7% each, as compared to 1% decline in the benchmark indices Nifty 50 and the S&P BSE Sensex.

Amara Raja Batteries, Ashok Leyland, Balkrishna Industries, Bharat Forge and Force Motors have hit their respective 52-week lows on the BSE. TVS Motor Company, Maruti Suzuki India,