Will auto numbers reflect festive cheer?

Shares of automobile companies, such as Tata Motors, Maruti Suzuki, M&M, Ashok Leyland, Escorts, Hero MotoCorp, Bajaj Auto, TVS Motor Co and others will remain in focus, as they anounce monthly sales figures on Tuesday. The festive season and a benign interest rate regime should see auto majors announcing robust sales figures for November, believe market participants. Any disappointment will trigger a sharp slide in the share prices of those companies’ shares.