New Delhi, May 14 -- Auto stocks traded lower on Thursday amid broad-based selling pressure, with the Nifty Auto index declining more than 1%, despite strong automobile sales data reported for April.

Among the top losers in the Nifty Auto index were TVS Motor Company, Hero MotoCorp, Eicher Motors, and Ashok Leyland, with shares falling between 1% and 3%. Other laggards included Maruti Suzuki and Tata Motors Passenger Vehicles shares.

In contrast, shares of Bajaj Auto and Mahindra & Mahindra traded in positive territory.

According to industry body Society of Indian Automobile Manufacturers (SIAM), domestic passenger vehicle dispatches from manufacturers to dealers rose 25.4% year-on-year (YoY) to 4,37,312 units in April 2026, compared w...