Automobile stocks decline broadly on April 2 as Ola Electric bucks the trend with 9% gain

Shares of automobile sector companies fell broadly on April 2, with the S&P BSE Auto Index declining 2.58% to 52,200.36 as the S&P BSE Sensex dropped 1.98% to 71,686.04 and the Nifty 50 fell 1.96% to 22,234.40 during the session. The BSE Auto Index is down 14.2% over the past 30 days, though it has gained 9.7% over the past year.

Ola Electric Mobility was the standout gainer within the sector, rising 8.72% to ₹28.19 on BSE and 9.08% to ₹28.24 on NSE. Landmark Cars also traded higher, gaining 1.78% to ₹407.05 on BSE and 1.08% to ₹405.55 on NSE.

The following stocks and their  prices were recorded as of April 2, 2026:

Ashok Leyland declined 3.32% to ₹144.20 on BSE and 3.57% to ₹143.78 on NSE.

Ather Energy fell 0.89% to ₹763.75 on BSE and 1.00% to ₹763.35 on NSE.

Bajaj Auto declined 2.66% to ₹8,662.70 on BSE and 2.77% to ₹8,649.00 on NSE.

Eicher Motors fell 3.23% to ₹6,605.35 on BSE and 3.20% to ₹6,607.00 on NSE.

Escorts Kubota declined 3.27% to ₹2,736.40 on BSE and 3.59% to ₹2,725.60 on NSE.

Force Motors fell 1.93% to ₹20,344.00 on BSE and 1.66% to ₹20,389.00 on NSE.

Hero MotoCorp declined 3.91% to ₹4,923.90 on BSE and 3.73% to ₹4,931.00 on NSE.

Hyundai Motor India fell 1.26% to ₹1,694.00 on BSE and 1.40% to ₹1,692.20 on NSE.

Mahindra and Mahindra declined 2.60% to ₹2,952.00 on BSE and 2.76% to ₹2,947.90 on NSE.

Maruti Suzuki fell 1.92% to ₹12,267.95 on BSE and 1.91% to ₹12,270.00 on NSE.

Olectra Greentech declined 2.39% to ₹1,001.95 on BSE and 2.13% to ₹1,004.00 on NSE.

Sharda Motor fell 3.42% to ₹717.00 on BSE and 3.11% to ₹719.00 on NSE.

SML Isuzu declined 0.99% to ₹3,940.20 on BSE and 0.54% to ₹3,948.20 on NSE.

Tata Motors Passenger Vehicles fell 2.38% to ₹295.70 on BSE and 2.36% to ₹295.80 on NSE.

TVS Motors declined 3.16% to ₹3,316.50 on BSE and 2.87% to ₹3,327.40 on NSE.

VST Tillers fell 1.19% to ₹4,890.00 on BSE and 1.06% to ₹4,884.60 on NSE.

Hero MotoCorp and Sharda Motor were among the steeper decliners within the sector. Prices are as of approximately 11:36 AM IST on April 2, 2026.

Disclaimer: This article is based on publicly available market data.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.

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