• Auto index performance: The Nifty Auto index dropped over 3% to become the top sectoral loser following mixed monthly sales figures for September.
• Bajaj Auto shortfall: Supply chain and outbound logistics constraints resulted in a 40,000-unit shortfall (including 15,000 in exports), pulling export volumes below 2.5 lakh units for the first time in four months.
• Two-wheeler sales growth: Hero MotoCorp beat estimates with 7.66 lakh units sold against an expected 7 lakh, TVS Motor grew total sales by 24%, and Eicher Motors reported an 8% increase.
• Passenger vehicle trends: Hyundai posted record monthly sales with total volumes up over 10% year-on-year and exports up nearly 11%, Maruti matched estimates at 2.36 lakh units with SUV growth exceeding 60%, and M&M tractor sales dropped 21%.
• Commercial vehicle demand: Tata Motors CV sales rose 42% and Ashok Leyland grew 28%, representing the strongest performance within the monthly automotive data.