The sector overall had mixed fortunes on Friday with five advances and 10 declines among the 15 listed auto companies on the NSE.
Sensex crosses 60,000 mark for first time ever, while the Nifty50 topped more than 17,945. In terms of sectoral indices, IT saw a massive rally while banking stocks also made significant contributions.
At around noontime, Sensex was trading at 60,101.20 up 215.84 points or 0.36% and Nifty50 at 17,880.35 up 57.40 points or 0.32%.
Nifty Auto was trading at 10,427.65 up 54.70 points or 0.53%, after touching a high of 10,451.95 and low of 10,341.75 during intraday trade.
Auto stocks are also in focus ahead of their monthly sales data.
Maruti continued to ride on demand in sales in festive season. The company stock was 1.8% higher at Rs771.90 per piece.
M&M was also in the fast track, climbing 1.6% at Rs6,956.25 per piece. India Ratings and Research (Ind-Ra) has affirmed Mahindra & Mahindra Limited’s (M&M) Long-Term Issuer Rating at ‘IND AAA’. The Outlook is Stable.
Bharat Forge dragged the most at Rs748.90 per piece, down 2%. Exide India was also 1% on the downside. Ashok Leyland, Amara Raja Batteries, TVS Motor, Tube Investments of India and Bosch also struggled. Balkrishna Industries, MRF and Hero MotoCorp were also marginally lower.