Maruti Suzuki, Ashok Leyland, Force Motors, SML Isuzu, among other auto stocks rallied up to 5% on Monday, after strong auto wholesales data from the industry body. The surge in auto stocks also followed a broader rally in the Indian stock market, boosted by the US-Iran peace deal optimism.
share price was the top performer with more than 5% gain, followed by , Ashok Leyland, and shares rising over 4% each.
Other significant gainers included Mahindra & Mahindra (M&M), , , Tata Motors Passenger Vehicles, and shares, jumping 2%-3% each.
The rally in auto stocks lifted the Nifty Auto index by over 3%, and the BSE Auto index by over 2.9%.
Meanwhile, the benchmark NSE was up over 1% to above 23,900 level, while the BSE Sensex was trading more than 1% higher at around 76,500 level.
Auto Sales Data
Passenger vehicles (PV), two-wheelers and three-wheelers recorded the highest ever sales of May in 2026, with high double-digit growth in each segment, as demand improved due to reduced GST rates and easier financing.
Overall vehicle wholesales across categories in May grew 16.8% at 23,52,693 units as compared to 20,14,158 units in the same month last year, industry body SIAM said.
Domestic passenger vehicle (PV) dispatches from companies to dealers rose 27.3% year-on-year (YoY) to a record 4,38,854 units in May this year from 3,44,656 units in May 2025.
In the PV segment, utility vehicles sales grew 24.8% to 2,45,549 units from 1,96,821 units in May last year. Passenger car dispatches rose 28.8% to 1,20,975 units last month as compared to 93,951 units in the year-ago period.
“Lower base effect of previous May and demand created due to reduced GST rates, with easier financing, is again getting reflected in higher offtake this month,” said SIAM Director General Rajesh Menon.
Total two-wheeler sales rose 14.8% to 19,02,209 units last month as against 16,57,116 units in May last year. In the two-wheeler segment, motorcycle sales in May 2026 were up 7.2% at 11,13,973 units as against 10,39,156 units in the year-ago month. Scooter sales witnessed growth of 27.4% YoY at 7,39,667 units.
Three-wheeler dispatches to dealers increased 31.1% last month at 70,720 units from 53,942 units in the year-ago period.
(With inputs from PTI)