BSE Auto index hits 21-month low; Bajaj Auto, TVS Motor at 52-week low

The S&P BSE Auto index hit its lowest level since 27 December 2016, has fallen 20% since September 2018, as compared to 11% decline in the S&P BSE Sensex.

Shares of automobile companies continued trading lower with the S&P BSE Auto index hitting the 21-month low on concern of the decline in volumes, on the back of higher product prices and running costs.

At 10:38 am; the S&P BSE Auto index was trading 0.52% lower at 19,871, as compared to 0.09% decline in the S&P BSE Sensex. The auto index hit an intra-day low of 19,627, recorded its lowest level since December 27, 2016.

Since September 2018, the S&P BSE Auto index tanked 20% against 11% fall index benchmark index. The month of September has been muted