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Auto index rises

March 2, 2010

INDIA-MOTOR/SALES

The BSE Auto index gained over 4 percent on Tuesday in a broader market that ended 2.09 percent higher at 16,772.

The rise in the BSE Auto index was led by MRF, BOSCH, Tata Motors and M&M.

Shares in Tata Motors rallied more than 12 percent on Tuesday afternoon as investors cheered strong sales growth in February. Shares in the counter ended at 797 rupees.

Mahindra & Mahindra also saw its February sales rising by around 40 percent from a year earlier. Shares in the counter ended 4.6 percent higher at 1,054 rupees.

Do you think rising sales indicate an uptrend in the sector?

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