On the index, Bosch was the top gainer, trading at Rs12,539.45 per piece up Rs719.95 or 6.09%. The company was joined by M&M rising over 5%, Eicher Motors up 3.5% and Maruti Suzuki surging by 2.5%.
Maruti today expanded its 'Subscribe' reach to four more cities involving Mumbai (including Navi Mumbai and Thane), Chennai, Ahmedabad and Gandhinagar. Maruti Suzuki Subscribe - allows a customer to use a brand-new car without actually owning it. The company has already launched Subscribe in major cities like Delhi-NCR, Bangalore, Hyderabad, and Pune.
Also, Tata Motors surged by near 2%, lifting the index.
Other stocks that gained were - Exide Industries, Bajaj Auto, Amara Raja Batteries, Motherson Sumi and Ashok Leyland in the range of 0.44-1.5%.
Exide has announced a further investment of Rs33.17cr in its subsidiary (joint venture company) Exide Leclanche Energy and increased its shareholding to 80.15%.
Meanwhile, Motherson has extended its gain after outlining Vision 2025. The company expects $36B revenues in 2024-25 with 40% ROCE on a consolidated basis. The company said, 75% of revenues from the automotive industry, 25% from new divisions. Also, the company states 40% of consolidated profit as dividend.
However, stocks like Balkrishna Industries, TVS Motor, Bharat Forge and MRF were top underperformers plunging between 1-5%.