New Delhi, March 18 -- Shares of Hero MotoCorp, one of the world's largest two-wheeler manufacturers, ended Tuesday's session, March 18, higher, gaining 2% to Rs.3,564 apiece, which came as a relief for investors after the stock finished the last four trading days in the red.

However, despite today's pullback, the Nifty auto stock trades at multi-month lows. In the previous trading session, the stock touched a 15-month low of Rs.3,461 apiece. From its peak of Rs.6,246 apiece, it is now down 43%, making it one of the worst performers in the Nifty 50 index.

Concerns over a slowdown in two-wheeler (2W) sales, a drop in market share, rising competition in the 2W and premium segment, and weak demand for entry-level motorcycles are currently ...