Shares of automakers Mahindra & Mahindra (M&M) (down 1.45 per cent), Ashok LeylandNSE -0.65 % (down 1.36 per cent), Exide IndustriesNSE -1.21 % (down 1.35 per cent) and Tata MotorsNSE -0.21 % (down 1.13 per cent) were incurring losses during afternoon trade on Tuesday.
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