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Auto stocks gain on report that Cabinet may approve scrappage policy today

Tata Motors, Mahindra & Mahindra, Bharat Forge and Ashok Leyland from the Nifty Auto index climbed 3 per cent each on the National Stock Exchange.

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SI Reporter New Delhi
Shares of automobiles along with auto ancillaries companies were trading in the green, with the Nifty Auto index climbing nearly 2 per cent, in Wednesday's early morning trade on reports that the Cabinet may consider approving scrappage policy in today's meet.

At 10:21 am, the Nifty Auto index was up 1.8 per cent, as compared to a 0.53 per cent rise in the benchmark Nifty50 index. 
Tata Motors, Mahindra & Mahindra, Bharat Forge and Ashok Leyland from the Nifty Auto index climbed 3 per cent each on the National Stock Exchange (NSE). Maruti Suzuki India, Eicher Motors, Hero MotoCorp, TVS