The Sensex Auto index dipped 3.04% and was the lead loser among the Sensex sector indices.

28,489 shares have been traded on BSE in the counter as opposed to a standard everyday volume of 60,084 shares in the last single quarter.

Hero Honda traded on the higher side on the BSE ahead of the trading got stopped in the wake of markets starting on the upper circuit.

Hero Honda announced on Wednesday that it has registered a 10% rise in sales last month at 3,53,342 units as opposed to 3,20,594 units in March in 2008.

Hero Honda’s shares dropped today in spite of 24% increase in its two-wheeler sales in February.

Hero Honda has recorded nearly 6% raise in its sales, whereas Bajaj Auto’s vehicle sales dropped 34%.

Hero Honda Motors presently trades at Rs.881.80 from its earlier closing of Rs.876.95 on the Sensex.

Hero Honda Motors Ltd, India’s leading motorcycle maker registered a better than calculated 9.1% profit in 3rd quarter gain after it increased prices and sold more costly models.

Bajaj Auto has intended to brawl waning sales by rolling out six new-fangled two-wheeler models in 2009. The company’s focus will be on bigger engine bikes to target rival company’s best-selling range.

An over-all selling pressure was seen in the equities market today with Mid-cap and Small-cap indices along with blue-chip stocks were hit in trades today.