Auto shares trade weak post November sales; Eicher, M&M down up to 3%

M&HCV segment witnessed mixed performance while LCV segment witnessed near double digit de-growth leading to overall de-growth in CV space.

Shares of automobiles companies traded on a weak note amid profit booking on Friday after they reported a mixed set of sales numbers for the month of November.

At 12:19 PM, Eicher Motors, Mahindra & Mahindra (M&M) and Ashok Leyland were down in the range of 2 per cent to 3 per cent, while Hero MotoCorp, Bajaj Auto, Escorts and Maruti Suzuki India (MSIL) slipped between 1 per cent and 1.9 per cent on the National Stock Exchange (NSE).

Nifty Auto index, the top loser among sectoral indices, was down 1.1 per cent, as compared to 0.86 per