Auto Stocks Rally Up to 7%: Eicher Motors, Lumax, Pricol Lead Gains on Strong Earnings

Shares of automobile, auto-ancillary, and tyre companies moved higher in intraday trade, rising up to 7% on the BSE. The rally was driven by strong quarterly earnings and a positive business outlook across the sector.

Major gainers included Eicher Motors, Lumax Auto Technologies, Pricol, Lumax Industries, Banco Products, Sansera Engineering, Samvardhana Motherson, Rolex Rings, and Shriram Pistons & Rings, which climbed 5% to 8%.

Other companies such as TVS Motor, Mahindra & Mahindra, Ashok Leyland, Tata Motors Passenger Vehicles, JK Tyre, Craftsman Automation, and MRF rose 1% to 3%.

Auto Index Outperforms the Market

By 10:51 AM, the BSE Auto index was the top-performing sector, gaining about 2%, compared with only 0.07% rise in the BSE Sensex.
The index touched an intraday high of 63,852, close to its all-time high of 64,584 recorded in January 2026.

Over the past six months, the auto index has surged around 20%, clearly outperforming the Sensex gain of about 4.6%.

Eicher Motors Hits Record High

Eicher Motors shares jumped about 7% to a new high near ₹7,803 after reporting Q3FY26 EBITDA margin of 26.6%.

Lumax Industries and Others Gain on Strong Results

Lumax Industries also hit a record high, rising about 7% in intraday trade.
The stock has jumped around 28% in 2 weeks after reporting strong quarterly numbers:

• Revenue up 18.7% to ₹1,053 crore (highest ever)
• EBITDA up 57.2% to ₹112 crore
• EBITDA margin at 10.6%

Management highlighted GST cuts, income-tax relief, strong order pipeline, and premium product focus as key growth drivers.

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Conclusion

Auto stocks are gaining momentum due to solid earnings, strong demand, and supportive industry conditions. If these trends continue, the sector may remain a key outperformer in the near term, with leaders like Eicher Motors and Lumax driving further gains.

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