Nifty Auto Historical Returns
The Nifty Auto index tracks makers of cars, two-wheelers, commercial vehicles and auto components. Figures come from the NAV of a fund that tracks it, so returns include dividends and are after fund costs.
Price history
Month-end values. Hover a year-end point for its value.
About Nifty Auto
The Nifty Auto index tracks makers of cars, two-wheelers, commercial vehicles and auto components.
What it means for investors. Vehicle sales follow the economic cycle, interest rates and rural demand, so the sector is cyclical: strong in expansions and weaker in slowdowns.
Returns over time
| Series | 1Y | 3Y | 5Y | 10Y | 15Y | 20Y | Max fall | Data to |
|---|---|---|---|---|---|---|---|---|
| Nifty Auto | −4.4% | 17.0% | n/a | n/a | n/a | n/a | −28% | 1 Oct 2026 |
Annualised (CAGR) for periods of a year or more, ending on each series' latest date. “n/a” means the series does not go back that far. Max fall: the largest fall from a previous peak over the whole history.
AMFI NAV history (daily NAV file; earlier history via mfapi.in, which republishes AMFI NAVs), stored and cleaned by MFIC. Proxy: ICICI Prudential Nifty Auto ETF (total return after fund costs (proxy)). Data 13 Jan 2022 to 1 Oct 2026. Latest level: NSE daily index closing values. Returns use the fund NAV history, which includes dividends.
Calendar-year returns
| Year | Return |
|---|---|
| 2026 to 1 Oct | −9.2% |
| 2025 | 24.3% |
| 2024 | 23.4% |
| 2023 | 48.4% |
| 2022 part year | 8.9% |
Over 3 complete calendar years since 2023, Nifty Auto rose in 3. Best: 2023 (+48.4%). Worst: 2024 (+23.4%).
Year-end to year-end, from AMFI NAV history (daily NAV file; earlier history via mfapi.in, which republishes AMFI NAVs), stored and cleaned by MFIC.
Falls from peak and recovery
| Peak | Bottom | Fall | Months down | Back to peak | Months to recover | Events in the fall |
|---|---|---|---|---|---|---|
| Aug 2026 | Oct 2026 | −14.4% | 2 | not yet | — | — |
| Jan 2026 | Mar 2026 | −17.7% | 3 | Jul 2026 | 4 | — |
| Sep 2024 | Apr 2025 | −28.3% | 6 | Nov 2025 | 7 | US tariff announcement |
| Nov 2022 | Mar 2023 | −11.3% | 5 | May 2023 | 1 | — |
| Jan 2022 | Mar 2022 | −20.0% | 2 | Jul 2022 | 4 | Russia–Ukraine war begins |
Each fall of 10% or more from a previous high, measured on daily data. The 5 deepest are shown. “Back to peak” is the first date it regained the previous high.
Rolling returns: the range of outcomes
| Holding period | Periods | Median | Worst | Best | Middle half | Positive |
|---|---|---|---|---|---|---|
| 1 year | 45 | 19.7% | −10.7% | 75.8% | 13.9% to 38.4% | 87% |
| 3 years | 21 | 26.1% | 18.4% | 31.5% | 24.2% to 27.1% | 100% |
Every holding period starting at a month-end in the history (overlapping). Annualised for periods over a year.
How it has moved with other assets
| Compared with | Correlation | Months |
|---|---|---|
| Nifty 50 | 0.75 | 56 |
| Gold (domestic, ₹) | −0.05 | 56 |
| 10-year G-Sec (bond fund) | 0.37 | 56 |
| USD/INR | −0.39 | 56 |
| Nifty Bank | 0.61 | 56 |
| Nifty PSU Bank | 0.51 | 56 |
Correlation of monthly returns over the months both series have: +1 moves together, 0 unrelated, −1 opposite. Relationships change over time.
Nifty Auto and the Nifty 50, year by year
| Year | Nifty Auto | Nifty 50 |
|---|---|---|
| 2026 to 1 Oct | −9.2% | −13.6% |
| 2025 | 24.3% | 11.6% |
| 2024 | 23.4% | 9.6% |
| 2023 | 48.4% | 20.9% |
| 2022 part year | 8.9% | 5.3% |
Fund NAVs (AMFI), after fund costs.
Questions
- What has Nifty Auto returned over the long run?
- Calculated from ICICI Prudential Nifty Auto ETF, Nifty Auto returned −4.4% over the year to 1 Oct 2026, and 17.0% a year over 3 years. Past returns do not indicate future returns.
- What was the biggest fall in Nifty Auto?
- In the data available from Jan 2022, the largest fall from a previous peak was −28.3%, from Sep 2024 to Apr 2025, and it regained the peak in Nov 2025 (7 months after the bottom). There were 5 falls of 10% or more, 2 of them 20% or more.
- How often has Nifty Auto been positive over one year?
- Across 45 one-year periods starting at month-ends, 87% were positive; the range was −10.7% to 75.8%.
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