BSE Auto index surges 39% from March lows on robust growth momentum

In the financial year 2022-23 (FY23), the BSE Auto index has outperformed the market by surging 26 per cent

Shares of companies in the automobile sector, including auto ancillary and tyre firms, continued to move up, with the S&P BSE Auto index rising over 2 per cent to hit a fresh high of 30,379.58 points on Tuesday.

The auto index has surged around 39 per cent from a low of 21,802 on March 8, as momentum in commercial vehicles (CVs), passenger vehicles (PVs), and two-wheeler (2Ws) sales remains strong. In comparison, the S&P BSE Sensex has been up around 12 per cent during the same period.

Escorts Kubota, Apollo Tyres, Bosch, Eicher Motors, MRF, and Maruti Suzuki India were