Ashok Leyland, Maruti Suzuki to Force Motors: Auto stocks rise up to 5% after release of May SIAM data

Auto stocks rallied up to 5% after SIAM reported record May 2026 wholesale dispatches, with total vehicle wholesales growing 16.8% YoY to 23,52,693 units. Domestic PV dispatches surged 27.3% YoY to a record 4,38,854 units, two-wheeler sales rose 14.8% to 19,02,209 units, and three-wheeler dispatches jumped 31.1%. The Nifty Auto index gained over 3%, supported by strong demand driven by reduced GST rates and easier financing.