Bajaj Auto and TVS Motor,
Hero Moto, Bajaj Auto & TVS tank on fear of cut-throat price
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NEW DELHI: Shares of motorcycle makers Hero MotoCorp, Bajaj Auto and TVS Motor touched their 52-week lows on Monday amid talks that the two-wheeler mart is going to witness a cut-throat price war in the days ahead.
Analysts have started discounting a price war after Bajaj Auto, in an analyst call, indicated its intention going for aggressive pricing and, if needed, compromising margins in order to dominate the market.
Shares of the two-wheeler makers have been under strong pressure ever since.
On Monday, even as the broader market sentiment remained positive and shares of top auto makers such as Maruti Suzuki and Tata Motors witnessed
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