Eicher Motors, Maruti Drive Gains in Nifty Auto Index Today

Mumbai, June 18 — The Nifty Auto Index surged 1.31% in morning trade on Wednesday, adding over 304 points to touch 23,531.55, buoyed by strong gains in leading auto and component stocks. As of 11:01 AM IST, the index remained firm at 23,424.80. This marks a notable rebound for the auto sector, which had been under pressure—down over 3% in the past month and nearly 10% over the past year.

Key Index Performance (as of 11:01 AM)

Metric	Value
Previous Close	23,227.30
Day’s High	23,562.85
Day’s Low	23,130.05
Last Traded Price	23,424.80
Absolute Change	+304.25
Percentage Change	+1.31%
30-Day Change	-3.03%
1-Year Change	-9.7%

Market breadth within the index was strongly positive, with 13 advancing stocks, 2 declining, and none unchanged.

Top Gainers in Nifty Auto

Stock	Last Price (₹)	Change (₹)	% Change
Eicher Motors	5,457	+116	+2.17%
Maruti Suzuki	12,851	+256	+2.03%
Mahindra & Mahindra	3,065.3	+58.1	+1.93%
TVS Motor	2,820	+42.8	+1.54%
Bajaj Auto	8,618.5	+124	+1.46%

Eicher Motors and Maruti led the gains, buoyed by strong domestic sales momentum and easing input costs. Mahindra & Mahindra, another heavyweight, also showed sustained buying interest.

Sectoral Outlook

Even if the Nifty Auto index went up today, it is still 15% down than its 52-week high of 27,696.1. However, today’s increase could mean a turnaround because investors are feeling better about the future based on better monsoon projections and higher demand in rural India. This is especially good news for makers of two-wheelers and tractors.

Market Context

At the broader level, the Nifty 50 index was up 0.21% at 24,906.35. Auto stocks outperformed other sectors in early trade, offering leadership to the market’s modest rebound.

About Nifty Auto

The Nifty Auto Index tracks the performance of 15 listed companies from the automobile sector including two/three-wheeler makers, passenger and commercial vehicle manufacturers, and major auto parts suppliers. It includes firms like Tata Motors, Maruti Suzuki, Bajaj Auto, Hero MotoCorp, Bosch, and Eicher Motors, among others.

The index remains under watch as the sector navigates input cost volatility, global demand cycles, and evolving EV policies in the coming quarters.

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