Nifty Auto tumbles over 4%, Rs 1 lakh crore mcap wiped out -- Why are Bajaj Auto, M&M & other auto stocks falling?
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓The Nifty Auto index fell 1,103.40 points, or 4.20 per cent, on Thursday.
- ✓This sell-off wiped out Rs 1.02 lakh crore in market value.
- ✓Investors got worried after Bajaj Auto and Mahindra & Mahindra reported September 2026 sales below expectations.
Story at a Glance
- Category
- MARKET
- Reported By
- Zee Business
- Reading Speed
- 4 Minute(s)
- Market Focus
- India Economy
Auto stocks came under heavy selling pressure on Thursday, with the Nifty Auto index falling 1,103.40 points, or 4.20 per cent, to 25,190.55 during afternoon trade. The index hit an over four-month low on the National Stock Exchange (NSE).
The sell-off came after automobile companies reported their September 2026 sales numbers, with Bajaj Auto and Mahindra & Mahindra (M&M) reporting volumes below analysts' expectations.
Sentiment was also impacted after the Ministry of Power notified the third phase of Corporate Average Fuel Economy (CAFE) norms for passenger vehicles.
The 15-stock Nifty Auto index saw a combined market capitalisation erosion of around Rs 1.02 lakh crore during the session.
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