Auto Shares Surge Up to 4% as Crude Oil Prices Ease; Maruti Suzuki and Uno Minda Lead the Rally

Indian auto stocks climbed sharply on Thursday, with several major players posting gains of up to 4% as global crude oil prices retreated to pre-Iran conflict levels. The relief in input costs and improved demand sentiment helped the Nifty Auto index snap a two-day losing streak and emerge as one of the top sectoral performers. The Nifty Auto index advanced as much as 2% during the session. Auto ancillary major Uno Minda led the pack with gains exceeding 4%, while $MARUTI zuki India rose around 3.7% and $M&M a & Mahindra added over 3%. Both Maruti and M&M also featured among the top contributors to the broader Nifty 50 index.