Nifty Auto Under Pressure as Tesla Eyes India Entry

The Nifty Auto index fell over 1% on February 18, dragged by stocks like Ashok Leyland (-2.59%), Mahindra & Mahindra (-2.19%), and Tata Motors (-1.76%), amid reports of Tesla ramping up India hiring. Analysts remain cautious about Tesla’s immediate impact, as India’s EV market is still evolving, with strong domestic players like Tata Motors leading the segment.