The stocks of Indian auto firms Mahindra and Mahindra (M&M) and Maruti Suzuki fell on Wednesday a day after UK-based Global NCAP said Scorpio and Celerio failed its crash tests.
At 12:00 pm, the Maruti Suzuki stock was trading 94.45 points or 2.39 per cent lower on the BSE. The Mahindra and Mahindra stock also was trading 15.4 points or 1.15 per cent lower.
The Maruti Suzuki stock closed 0.81 per cent or 32 points lower on the BSE. The M&M stock closed 1.59 per cent lower at Rs 1320.
Global NCAP said on Tuesday five Indian car models have failed the 2016 Global NCAP test. Renault Kwid, Maruti Celerio, Maruti Suzuki Eeco, Mahindra Scorpio and Hyundai Eon showed low levels of adult occupation. The Renault Kwid was tested in three versions, including one with airbags, but each was rated as zero star for adult safety