M&M, Maruti Suzuki, UNO Minda shares in focus as NIFTY Auto rallies 4% amid earnings, October sales buzz

Shares of automotive components maker UNO Minda, automotive manufacturer Ashok Leyland, Samvardhana Motherson International, Tata Motors PV, and Maruti Suzuki were among the top gainers of the NIFTY Auto index.

Auto firms UNO Minda, Samvardhana Motherson International, and Mahindra & Mahindra reported their July-September quarter results for the 2026-27 financial year (Q2 FY27) today, which further bolstered the gauge.

The index rallied as much as 4.33% or 1,148.75 points to hit an intraday high of 25,833.05 during Thursday’s trading session, compared with the previous close of 26,504.80. At around 3:06 PM, it stood at 27,500.35, marking a -995.55 point, or 3.76%, increase.

NIFTY Auto was one of the top-performing sectors on Thursday, November 5.

The index has surged nearly 8% in the past week and more than 8% over the month. However, it has fallen 6% over three months and 3% on a year-to-date (YTD) basis.

While NIFTY Auto hit its 52-week high of 29,865.50 on August 10, 2026, the gauge touched its year’s low level of 23,560.10 on April 2, 2026.

Out of NIFTY Auto’s 15 constituents, 14 stocks advanced, and one declined.

Other than earnings and October sales numbers, the NIFTY AUTO index gained due to a broad-based rally in the market. The SENSEX rallied as much as 2.8% to hit an intraday high of 79,470.03. Meanwhile, the NIFTY50 soared as much as 2.6% to touch the session’s peak of 24,579.90.

Q2 FY27 results

Its revenue from operations stood at ₹6,655 crore during the quarter under review, registering a 38.2% YoY growth from ₹4,814 crore in the second quarter of the 2025-26 fiscal year (Q2 FY26).

The country's largest carmaker’s total revenue from operations, including the sale of products and other operating revenue, jumped 26% YoY to ₹53,340 crore in Q2 FY27 from ₹42,332 crore in the year-ago period.

Its total revenue from operations stood at ₹20,191 crore for the quarter under review as against ₹17,061 crore seen in the corresponding quarter last year, marking a growth of 18% YoY.

October auto sales

Buoyed by robust festive demand, domestic passenger vehicle (PV) dispatches crossed the record 5-lakh mark in October, with leading automakers such as Maruti Suzuki, Hyundai and M&M reporting their highest-ever monthly sales.

Domestic passenger vehicle wholesales in October are estimated at 5.25-5.3 lakh units, compared with 4.6 lakh units in October 2025. This translates to year-on-year growth of around 13%-15%, despite a high base a year ago.

"My take is, the industry should be between 5.25-5.3 lakh units," said Partho Banerjee, senior executive officer at Maruti Suzuki.

Market leader Maruti Suzuki reported domestic passenger vehicle dispatches of 2.12 lakh units in October 2026, representing growth of 20% YoY, while Tata Motors recorded a 21% YoY growth to 73,894 units.

Mahindra & Mahindra (M&M) posted a 2% YoY rise to record 73,338 units, and Hyundai reported a 16.7% increase in its domestic wholesales to 62,799 units.

Here is how AUTO stocks are performing on November 5