Auto stocks traded lower on Thursday amid broad-based selling pressure, with the Nifty Auto index declining more than 1%, despite strong automobile sales data reported for April.
Among the top losers in the Nifty Auto index were TVS Motor Company, Hero MotoCorp, Eicher Motors, and Ashok Leyland, with shares falling between 1% and 3%. Other laggards included Maruti Suzuki and Tata Motors Passenger Vehicles shares.
In contrast, shares of Bajaj Auto and Mahindra & Mahindra traded in positive territory.
According to industry body Society of Indian Automobile Manufacturers (SIAM), domestic passenger vehicle dispatches from manufacturers to dealers rose 25.4% year-on-year (YoY) to 4,37,312 units in April 2026, compared with 3,48,847 units in April 2025.
Total two-wheeler sales increased 28.4% YoY to 18,72,691 units last month, up from 14,58,784 units in the corresponding period last year.
The data further showed that three-wheeler dispatches to dealers surged 32.8% YoY to 65,668 units in April 2026, compared with 49,441 units a year ago.
