Bangalore: The bumpy ride through which the Indian auto industry has been passing through for quite some time seems to be over after seeing the performance of auto sector on BSE. The performance of auto sector has been quite encouraging in last few weeks on Sensex. The index of auto sector has gone up by nine percent from its last week's figure of 5,077.90 points. In the auto sector, although the commercial vehicle (CV) segment is yet to pick up, results from the two wheeler companies such as Bajaj have been encouraging. Analysts feel that the commercial vehicles have been under pressure for some time but there is hope due to the two-wheeler segment results especially with the fall in raw material prices. The one year performance chart of the auto index is on the left. "Among all the auto segments, two wheeler segment, in particular, has witnessed the highest growth rate of over 32 percent compound annual growth rate (CAGR) in the recent past and is estimated to follow the same trend in the future," says a research report, Indian automobile sector - a booming market. Motorcycle segment has shown outstanding performance and is expected to drive the overall market with a projected CAGR of around 18 percent for FY 2010-2014. Investors are pleased with the step taken by government in budget'09 to continue CENVAT (Central Value Added Tax) cuts. Today, the auto index opened at 5608.25 points with a loss of 0.33 percent to its previous close. In the last 52 weeks, the stock reached a high of 5650.76 points and a low of 2127.86 points. As of tuesday, the total market capitalization of the stock was 5,099,843.56 crores. Compared to a year ago when it was at 3573.21 points, the index has surged by nearly 56 percent to 5,608.25. Among all the auto stocks, Tata Motors has gained by almost 22 percent last week followed by Maruti Suzuki and Mahindra and Mahindra with 15 and 10 percent respectively.