The sector requires proper implementation of policies, coupled with reasonable taxes and improved basic infrastructure.
Auto stocks Hero MotoCorp and Mahindra & Mahindra gained 1-2 per cent on the back of strong sales in the month of September.
Budget should be a platform for govt to take bold steps.
The 30-share Sensex ended down 71 points at 26,710 and the 50-share Nifty lost 38 points to close at 8,030.
It is imperative that the government first decides who should assume ownership of running Air India.
The national carrier's market share has declined from a near-monopoly to 16.6 per cent as of September 2014.
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