Auto shares trade mixed ahead of Sept sales data; here's what to expect

According to analysts at Emkay Global, commercial vehicles (CVs) should maintain positive momentum in September while passenger vehicles (PVs) volumes are likely to be hit by the chip shortages

Shares of automobile manufacturing companies traded mixed in Thursday’s intra-day session amid expectations of weak September sales data due to semi-conductor shortage. The auto companies are slated to report their monthly sales figure on Friday.

At 9:50 AM, the Nifty Auto index was unchanged, having reversed 0.4 per cent-loss logged earlier in the day. Eicher Motors, Bajaj Auto, Hero MotoCorp, and Maruti Suzuki were down up to 1 per cent while Tata Motors, TVS Motor Company, and Bharat Forge were up between 0.4 per cent and 1.1 per cent.

Shares of auto ancillary companies, meanwhile, were largely positive. Tube Investments