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 , Hero MotoCorp, , and , with shares falling between 1% and 3%. Other laggards included Maruti Suzuki and shares.
In contrast, shares of 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.