Auto stocks crashed due to Tesla's job offer

Markets

Auto Stocks: Auto stocks witnessed a strong sell-off today on 17 February. The Nifty Auto index fell by 1.5 percent during trading. Shares of major auto companies like Ashok Leyland, Mahindra & Mahindra (M&M) and Tata Motors saw a decline. This decline has come after the news that Elon Musk's company Tesla has started hiring for several positions in India.