Nifty Auto was engaged in a bloodbath, dragging the sector most. All the 15 scrips were on a decling side.
At around 11:36 AM, Nifty Auto was trading at 9,521.30 down 401.65 points or 4.05%. The index has touched a high of 9,738.35 and low of 9,431.65 during intraday trade on Monday.
Exide and Maruti Suzuki led the way with 3.5% and 3.2% losses respectively.
TVS Motor extended the losses by tumbling 3% at Rs550.10 per piece.
Eicher Motors (-2.92%), Bharat Forge (-2.74%), Bosch (-2.40%) were trading on a bearish note.
MRF and Amara Raja Batteries dips more than 2% trading in the red on the index.