India's auto index hits record high after robust November sales

Hyundai Motor India

01/12/2025 09:46

** Indian auto index .NIFTYAUTO rises as much as about 1% to record high of 28,075.65 points

** 11 of 15 constituents on sub-index gain

** Top gainer TVS Motor TVSM.NS up 3.5% after November sales volume jumps 30%, led by nearly 60% export surge

** India's No. 1 carmaker by market share, Maruti Suzuki MRTI.NS gains 0.92% after 21% rise in monthly car sales, driven by continued demand boost from tax cuts

** Analysts say car demand driven by customers upgrading to premium models, while entry-level segments show little sign of recovery

** Tata Motors PV TAMO.NS sales jump 25.6%; Hyundai HYUN.NS sales gain about 9%, its second monthly rise this year after September's rise

** Both stocks up about 2%

      ** YTD, sub-index up 22% vs benchmark index Nifty 50's .NSEI 10% rise

 (Reporting by Urvi Dugar in Bengaluru)

 ((UrviManoj.Dugar@thomsonreuters.com;))