Auto Stocks Surge After Record April Sales
Maruti Suzuki, Bajaj Auto, other auto stocks jump up to 5% after strong April sales
The Economic Times
Image: The Economic Times
Shares of major automakers like Maruti Suzuki and Bajaj Auto rose up to 5% following strong sales reports for April 2026. Maruti Suzuki achieved record sales of nearly 2.4 lakh units, while Bajaj Auto saw a 40% increase in total sales, significantly boosting investor confidence.
- 01Maruti Suzuki's sales reached nearly 2.4 lakh units, a 33% increase from last year.
- 02Bajaj Auto's total sales jumped 40%, driven by an 83% rise in exports.
- 03Eicher Motors reported a 31% increase in Royal Enfield sales, despite a drop in exports.
- 04Mahindra & Mahindra's total vehicle sales grew 14% year-on-year.
- 05Tata Motors' passenger vehicle sales rose 30.5% compared to the previous year.
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Shares of automakers surged on Monday, with Maruti Suzuki's stock rising nearly 5% to ₹13,976 per share after reporting record sales of nearly 2.4 lakh units in April 2026, a 33% increase from the previous year. The Nifty Auto index climbed over 1% to 26,193. Bajaj Auto also saw a 5% increase in shares to ₹10,477.5, with total sales up 40% year-on-year, largely due to an 83% rise in exports. Eicher Motors, known for Royal Enfield bikes, experienced a 3% rise in shares to ₹7,310, with domestic sales increasing 37% to 1.04 lakh units. Mahindra & Mahindra reported a 14% growth in total vehicle sales to 94,627 units, while Tata Motors' passenger vehicle sales rose 30.5% to 59,000 units. The overall positive sales data has significantly boosted investor sentiment in the auto sector.
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The surge in auto sales indicates a robust demand in the market, which could lead to increased production and potential job growth in the automotive sector.
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