Auto Stocks Rally Up To 7% As Earnings And Volumes Lift Sector

Auto and auto ancillary stocks moved higher in Wednesday’s intra-day trade, with several shares gaining up to 7%, as strong quarterly results and healthy demand trends lifted investor interest across the sector. The BSE Auto index emerged as the top-performing sectoral index, rising 2% as of 10:51 AM, compared with a 0.07% gain in the BSE Sensex, according to data from the BSE.

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The BSE Auto index touched an intra-day high of 63,852.45. The index had previously hit an all-time high of 64,584.14 on January 5, 2026. Over the past six months, the auto index has risen 20%, significantly outperforming the Sensex, which gained 4.6% during the same period, as per BSE data.

Eicher Motors, Ancillaries Lead Gains

Shares of Eicher Motors rose 7% in intra-day trade to a record high of ₹7,803 after the company reported a standalone EBITDA margin of 26.6% for the December quarter of FY26. The margin was 160 basis points higher than estimates, according to the company’s earnings release filed with the exchanges.

Other auto and ancillary stocks such as Banco Products (India), Lumax Auto Technologies, Pricol, Lumax Industries, Shriram Pistons & Rings, Samvardhana Motherson International, Rolex Rings, and Sanmar Engineering advanced between 5% and 8% during the session, as per BSE price data. Stocks including TVS Motor Company, Mahindra & Mahindra, Ashok Leyland, Tata Motors Passenger Vehicles, JK Tyre, Craftsman Automation, and MRF gained between 1% and 3%.

Ashok Leyland, Force Motors, Tata Motors, Lumax Auto Technologies, Lumax Industries, Sanmar Engineering, and Craftsman Automation touched their respective all-time highs during the session, according to exchange data.

Lumax Industries Hits Record After Strong Results

Lumax Industries rose 7% to a fresh all-time high of ₹6,588. Over the past two weeks, the stock has gained 28% following the company’s December quarter performance. Lumax Industries reported revenue of ₹1,053 crore for the quarter, an increase of 18.7% year-on-year, marking its highest-ever quarterly revenue, according to its exchange filing.

The company reported EBITDA of ₹112 crore, up 57.2% year-on-year, with an EBITDA margin of 10.6%. The management stated that demand conditions remained supportive following GST rate reductions and income tax relief measures, as per the earnings statement.