Bajaj Auto and M&M lead today’s rally, Nifty Auto up by nearly 2%

Bajaj Auto and Mahindra & Mahindra were leading in today’s intraday session, carrying the benchmark indices upwards. Bajaj Auto recorded an uptick of 3.24%, bringing its share price to ₹8,911, while M&M’s share price soared to ₹3296, up by 3%, breaking its 3-day losing streak. 

Bajaj Auto’s share price rose after the two-wheeler manufacture declared its sales numbers in an exchange filing. The company saw a 5% rise year-on-year (YoY) in total units sold total, with 4,17,616 units sold in August, as compared to 3,97,804 units a year ago.

The auto company sold 3,41,887 units in the two-wheeler category in August 2025, as compared to 3,35,178 a year ago, up by 2% YoY. While exports soared by 25% YoY, domestic sales dipped by 2%. The company sold 75,729 units in the commercial vehicles segment, as against last year’s 62,626 units, up by 21%. Its exports were up by a steep 58% at 27,440 units, opposed to 17,420 units a year ago. Domestic sales were up by 7%.

Mahindra and Mahindra saw buying activity, reflecting return of positive investor sentiment after its share price fell by 6% in the span of three sessions last week. Meanwhile, the Nifty Auto sectoral index saw an uptick by 2%, with Tube Investments of India leading the pack. The company saw its share price rise by nearly 5%, with Bajaj Auto and M&M trailing right behind. All the auto companies making up the auto index too were trading in the green.

Similarly, the BSE Auto index saw an upswing by 2.15%, rising by more than 1200 points at 57,177.96. Auto stocks rose as sentiments were pinned on Prime Minister Narendra Modi meeting China’s President Xi Jinping during his two-day trip to Tianjin, with talks about fair trade agreements and rare metals in discussion.

At the time of reporting, BSE Sensex was at 80,294.13, rising by 484.48 points or 0.61%, while NSE Nifty was at 24,582.40, up by 155.55 points or 0.64%.