Auto Shares Gain; Diesel De-control May Boost Demand

Auto stocks gained today as removal of price controls on diesel is seen helping demand for cars.

The government on Saturday lifted the control on diesel and said the diesel prices will now be market controlled. Removal of price controls comes as oil prices have slumped.

Maruti Suzuki India Ltd gained 1.8 per cent, Mahindra and Mahindra Ltd was up 1.3 per cent, while Ashok Leyland Ltd jumped 3.2 per cent.

Copyright: Thomson Reuters 2014