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Auto Stocks Trade In The Red Despite Government Nod To Scrappage Policy; Ashok Leyland, Tata Motors Top Losers


Auto stocks trade in the red despite government nod to scrappage policy; Ashok Leyland, Tata Motors top losers
The scrappage policy is expected to boost demand for new vehicles in a COVID-hit economy. It is considered as crucial for the revival of India s auto sector, which was struggling since a year before the onset of pandemic.
Massive traffic at Western Express Highway in Mumbai amid eased lockdown restrictions. (Image: News18)
Auto stocks are trading mixed at open on January 27, a day after the government approved scrappage policy.
The auto index was down over half a percent at open with almost all major stocks trading in the red. ....

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