Tata Motors PV, M&M shares rally up to 6% after strong January sales; check key details

Most auto stocks advanced on Monday after the leading automobile manufacturers reported impressive sales figures for January 2026.

Substantial rise in Maruti Suzuki, Tata Motors Passenger Vehicle, Mahindra & Mahindra, Bharat Forge and Uno Minda, Ashok Leyland propelled the sectoral barometer, NIFTY Auto index, by 2.1% with an intraday high of 26,784.70. NIFTY Auto was the top gainer among sectoral indices, followed by NIFTY Oil & Gas and NIFTY Metal.

Among Nifty Auto constituents, Tata Motors Passenger Vehicles shares closed 5.6% higher at 364 apiece on NSE, while Bharat Forge shares rose by 4.6% to ₹1,441 apiece. Ashok Leyland and M&M shares gained 3.1% and 2.7% respectively. Maruti Suzuki India shares closed 1.2% higher, Hero MotoCorp rose 2.4%, TVS Motor by 1.7% and Bajaj Auto fell by 0.2% on NSE. 13 out of 15 constituents of the NIFTY50 auto index closed in green.

Maruti posts 12% rise in Jan sales

India’s leading passenger vehicle maker, Maruti Suzuki, reported a 12% rise in total sales at 2,36,963 units in January, which was also its all-time record monthly sales. Domestic sales were 1,78,300 units against 1,73,599 units in the year-ago month. Sales to OEM were 7,643 units and exports were 51,020 units, its all-time monthly high, against 27,100 units in January 2025.

Hyundai total sales up 11.5% YoY

Hyundai’s total sales stood at 73,137 units in January 2026, up 11.5% compared to 65,603 units in the year-ago month. Domestic dispatches to dealers increased by 9% to 59,107 units, while exports rose to 14,030 units against 11,600 units in January 2025.

Tata Motors Passenger Vehicles’ total sales stood at 71,066 units in January 2026 against 48,316 units in January 2025. Domestic passenger vehicle sales, including EVs, rose 46.1% to 70,222 units, against 48,076 units a year earlier.

Mahindra & Mahindra’s total auto sales rose by 24% to 1,04,309 units in January 2026. Domestic utility vehicle sales rose by 25% to 63,510 units compared to the year-ago period. Domestic commercial vehicle sales jumped 22% y-o-y to 27,656 units. Exports rose by 5% to 3,577 units compared to 3,404 units a year ago.