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Auto shares skid; Eicher Motors hits lowest level since November 2014

Eicher Motors, Bharat Forge, M&M, Maruti Suzuki and Hero MotoCorp slipped more than 5 per cent on the NSE today

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The breakout of coronavirus in India has come as an additional challenge for the already battered auto industry.

4 min read Last Updated : Mar 30 2020 | 2:19 PM IST

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

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