Auto stocks: SML Mahindra fall 6.42%, Olectra Greentech up 2.86%

Indian auto sector stocks were trading mostly in positive territory on April 21, 2026, with the S&P BSE Auto index rising 0.63% to 58,919.86. The broader market was also firm, with the S&P BSE Sensex up 0.85% at 79,190.76 and the Nifty 50 gaining 0.77% to 24,552.50.

Here is a snapshot of where key auto stocks stood in morning trade.


Key Movers at a Glance

Top Gainers (BSE)

  • Olectra Greentech led gains in the session, up 2.86% to Rs 1,230.75 on the BSE.
  • Ashok Leyland rose 1.54% to Rs 178.45, with the NSE price closely aligned at Rs 178.61.
  • Ather Energy gained 1.53% to Rs 903.00 on the BSE.
  • Escorts Kubota added 1.29% to trade at Rs 3,353.50.
  • Landmark Cars was up 1.25% at Rs 420.25 on the BSE, and 1.75% on the NSE.

Top Losers (BSE)

  • SML Mahindra was the standout decliner, falling 6.42% to Rs 4,047.45 on the BSE and 6.10% on the NSE. This was a sharp outlier move compared to the rest of the sector.
  • Ola Electric Mobility slipped 1.45% to Rs 38.67 on the BSE, continuing to trade at a low price point.

Largely Flat Movers

  • Hero MotoCorp (+0.15%), Bajaj Auto (+0.20%), Force Motors (+0.16%), and VST Tillers (+0.18%) saw minimal movement in the session, broadly tracking the market.

Broader Market Context

  • S&P BSE Auto Index: 58,919.86 (+0.63%)
  • S&P BSE Sensex: 79,190.76 (+0.85%)
  • Nifty 50: 24,552.50 (+0.77%)

The auto index underperformed the Sensex slightly during this session, dragged in part by the sharp fall in SML Isuzu and decline in Ola Electric.


Data source: BSE as of 11:02 AM, NSE as of 11:04 AM, April 21, 2026. This article is for informational purposes only and does not constitute investment advice.

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