Mumbai, April 8 -- The rally was driven by cooling crude oil prices and improving demand outlook.
Leading the charge, Ashok Leyland zoomed 12.53%, emerging as the top gainer in the pack. Shares of Tata Motors surged 9.91%, Tata Motors Passenger Vehicles climbed 8.11%, while TVS Motor Company advanced 7.64%.
Among passenger vehicle majors, Maruti Suzuki India jumped 7.18%, and Mahindra & Mahindra gained 7.06%.
Premium motorcycle maker Eicher Motors rose 7.01%. Two-wheeler heavyweights also joined the rally, with Hero MotoCorp up 5.28% and Bajaj Auto adding 3.80%.
The rally was largely triggered by a sharp decline in crude oil prices following easing geopolitical tensions, which is seen as a key positive for the auto sector. Lower fuel co...