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Auto stocks tank nearly 9% as coronavirus outbreak disrupts supply chains

image BSE-listed auto stocks plummeted nearly 9 per cent on Friday as supply chain disruptions due to coronavirus outbreak dented the outlook of the industry, which saw its worst-ever sales decline in two decades recently. BSE auto index fell 3.21 per cent with Tata Motors losing up to 8.93 per cent.

Other laggards included Ashok LeylandNSE -6.05 % dropping up to 6.77 per cent, Mahindra and Mahindra 3.18 per cent and Bajaj AutoNSE -1.00 % 2.13 per cent.

Maruti Suzuki India was tradin ..

Read more at:
https://economictimes.indiatimes.com/markets/stocks/news/auto-stocks-tank-nearly-9-as-coronavirus-outbreak-disrupts-supply-chains/articleshow/74380492.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst..........................ET

28-Feb-2020