Nifty Auto

February's wholesale numbers for domestic auto companies are anticipated to show double-digit growth, led by strong demand and new vehicle launches. Major OEMs like Mahindra & Mahindra and Tata Motors expected to see significant sales boosts.

Eicher Motors jumped 2% to ₹7,477 apiece, while Maruti Suzuki, UNO Minda, TVS Motor Company, Hero MotoCorp, and Bajaj Auto were all trading with gains of over 1%. Tracking gains in major auto stocks, the Nifty Auto index hit a fresh record high of 29,179.

Entering 2026, India's auto sector shows resilience with a 22% rise in the Nifty Auto index, supported by GST cuts, rural recovery, and strong demand, despite mixed stock performances among key players.

Rate-sensitive sectors rose after the RBI held the repo rate at 5.5%. The central bank revised FY26 GDP growth to 6.8% and inflation to 2.6%. Stock markets gained, with Nifty Bank and Financial Services leading, while broader indices underperformed.

Ashok Leyland share price gained the most, was up 2.75 per cent on Tuesday. Meanwhile, Maruti Suzuki and Eicher Motor shares surged nearly 2 per cent each.

Anuj Gupta of Ya Wealth recommended investors to keep a track on Eicher Motors, Tata Motors, TVS Motor, Bajaj Auto, JBM Auto, Bosch, Amara Raja, Exide Industries, and UNO Minda shares for value picks.

Maruti Suzuki shares reached a record high of ₹15,384, rising 1% today, and gaining 41% in 2025. The stock's market cap nears ₹5 lakh crore, boosted by GST cuts on small cars, which could revive demand in the segment crucial for the company's revenue.

The Nifty Auto index climbed 3.4% to 27,220 points, driven by a rally in auto stocks following GST rate cuts. Automakers like Tata Motors and Mahindra announced significant price cuts across key models.

Auto stocks: Despite the Indian stock market's decline from US tariffs, the auto sector shone, with the Nifty Auto index gaining 7% in August. Analysts predict that the upcoming GST rationalisation will enhance auto demand, particularly benefiting two-wheelers and small cars.

The Nifty Auto Index increased by 4%, driven by gains from Maruti, Hero Moto, and others, as the government plans tax changes before Diwali. With anticipated GST cuts for essential goods, Jefferies India identifies potential beneficiaries like small cars and two-wheelers.