BSE Auto witnesses rally, Ashok Leyland gains 13%

BSE Auto Index witnessed a rally today with Maruti Suzuki, Eicher Motors, and Tata Motors trading in the green. The sectoral index touched a high of 17,366.85 levels after opening at 16,947.78.

BSE Auto Index witnessed a rally today with Maruti Suzuki, Eicher Motors, and Tata Motors trading in the green. The sectoral index touched a high of 17,366.85 levels after opening at 16,947.78.

Among the index stocks, Ashok Leyland gained the highest with 13% rise at Rs 76.30 per piece. It was  followed by Bosch which was up by almost 5%. Tata Motors was trading at Rs 128 up 4% and Eicher Motors at Rs 2123 per piece above 4%.

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According to a Money Control report, auto component makers, especially those engaged in engine technology and emission-related machine parts, have opposed the postponement proposal for the next generation emission norms that kick in from 2022.

Reportedly, Corporate Average Fuel Economy (CAFE) and Real Driving Emission (RDE), which are embedded in Bharat Stage-VI (BS-VI) emission system regulations, are part of the government’s efforts to reduce vehicular carbon footprint.

The index has given a return of 63.39% in the past 6 months.