 "The breakout of coronavirus in India has come as an additional challenge for the already battered auto industry.")
Shares of automobiles companies were trading lower for the second straight day on the National Stock Exchange (NSE) on Monday as the spread of the Covid-19 virus is fading the volume outlook. Covid-19, analysts say, will have an immediate short-term adverse impact on the automobile industry due to a decline in incomes and a slowdown in commercial activity.
Eicher Motors, Bharat Forge, Mahindra & Mahindra (M&M), Maruti Suzuki India and Hero MotoCorp slipped more than 5 per cent, while MRF, TVS Motor Company, Apollo Tyres, Bajaj Auto, Bosch, Motherson Sumi Systems, Ashok Leyland and Tata Motors were down in the
