Bajaj Auto shares climbed more than 4% to reach a fresh 52-week high on Wednesday, while TVS Motor Company stock jumped 4.5% following the release of robust first-quarter earnings from the two leading Indian two-wheeler manufacturers.
The rally was underpinned by TVS Motor's announcement of its highest-ever quarterly sales volume.
63 million units in the June quarter (Q1FY27), marking a 28% year-on-year increase.
The company delivered 1.63 million units in the June quarter (Q1FY27), marking a 28% year-on-year increase.
This acceleration was driven by resilient export demand and continued growth in domestic markets, reinforcing the sector's momentum heading into the new fiscal year.
Bajaj Auto's shares traded at ₹10,759, reflecting investor confidence in the company's performance alongside its peer.
The simultaneous strength in both stocks suggests broad-based optimism in the Indian two-wheeler segment, rather than isolated company-specific news.