Tata Motors Passenger Vehicles Ltd.

Tata Motors is currently trading at Rs. 429.05, down by 1.60 points or 0.37 % from its previous closing of Rs. 430.65 on the BSE. The scrip opened at Rs. 438.00 and has touched a high and low of Rs. 438.00 and Rs. 428.20 respectively. So far 314124 shares were traded on the counter.

Mahindra & Mahindra is currently trading at Rs. 1358.80, down by 5.15 points or 0.38% from its previous closing of Rs. 1363.95 on the BSE. The scrip opened at Rs. 1370.00 and has touched a high and low of Rs. 1377.00 and Rs. 1356.55 respectively. So far 17346 shares were traded on the counter.

Bajaj Auto is currently trading at Rs. 2770.45, down by 20.25 points or 0.73 % from its previous closing of Rs. 2790.70 on the BSE. The scrip opened at Rs. 2790.70 and has touched a high and low of Rs. 2790.70 and Rs. 2759.00 respectively. So far 13538 shares were traded on the counter.

Ashok Leyland is currently trading at Rs. 99.40, down by 0.85 points or 0.85% from its previous closing of Rs. 100.25 on the BSE. The scrip opened at Rs. 102.00 and has touched a high and low of Rs. 102.00 and Rs. 98.00 respectively. So far 2248255 shares were traded on the counter.

Auto stocks declined after Maharashtra government has decided to increase tax on the registration of all new vehicles by 200 basis points.  The tax increase is an attempt to compensate for the revenue loss that the state treasury will incur due to the abolition of octroi and local body tax from July 1, 2017.