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Since April 2020, the Nifty Auto Index has surged 430% as against the 201% up move in the Nifty. Among auto shares, Maruti Suzuki gained 186%, Tata Motors soared 1,250%, Mahindra & Mahindra jumped 892%, Bajaj Auto rose 390% and Hero Motocorp advanced 212%.
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A strike date has not yet been set, nor has it been decided how long a strike might last.
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Scott will be replaced for the time being by Angela Hurlock, current chairperson of the board, as CHA searches for her replacement.
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