diff --git a/gcc/config/aarch64/aarch64-sve-builtins-base.cc b/gcc/config/aarch64/aarch64-sve-builtins-base.cc
index 70bd83005d7c31212bf621b143962603b3e4f53d..e47acb67aeea481caaa96a871c9959b079ea0cd3 100644
--- a/gcc/config/aarch64/aarch64-sve-builtins-base.cc
+++ b/gcc/config/aarch64/aarch64-sve-builtins-base.cc
@@ -1301,6 +1301,20 @@ public:
 
 class svindex_impl : public function_base
 {
+public:
+  gimple *
+  fold (gimple_folder &f) const override
+  {
+    /* Apply constant folding if base and step are integer constants.  */
+    tree vec_type = TREE_TYPE (f.lhs);
+    tree base = gimple_call_arg (f.call, 0);
+    tree step = gimple_call_arg (f.call, 1);
+    if (TREE_CODE (base) != INTEGER_CST || TREE_CODE (step) != INTEGER_CST)
+      return NULL;
+    return gimple_build_assign (f.lhs,
+				build_vec_series (vec_type, base, step));
+  }
+
 public:
   rtx
   expand (function_expander &e) const override
diff --git a/gcc/testsuite/gcc.target/aarch64/sve/index_const_fold.c b/gcc/testsuite/gcc.target/aarch64/sve/index_const_fold.c
new file mode 100644
index 0000000000000000000000000000000000000000..7abb803f58ba09ae76da5a9e35310b9f995318ce
--- /dev/null
+++ b/gcc/testsuite/gcc.target/aarch64/sve/index_const_fold.c
@@ -0,0 +1,35 @@
+/* { dg-do compile } */
+/* { dg-options "-O2 -fdump-tree-optimized" } */
+
+#include <arm_sve.h>
+#include <stdint.h>
+
+#define INDEX_CONST(TYPE, TY)				\
+  sv##TYPE f_##TY##_index_const ()			\
+  {							\
+    return svindex_##TY (10, 3);			\
+  }
+
+#define MULT_INDEX(TYPE, TY)				\
+  sv##TYPE f_##TY##_mult_index ()			\
+  {							\
+    return svmul_x (svptrue_b8 (),			\
+		    svindex_##TY (10, 3),		\
+		    5);					\
+  }
+
+#define ALL_TESTS(TYPE, TY)				\
+  INDEX_CONST (TYPE, TY)				\
+  MULT_INDEX (TYPE, TY)
+
+ALL_TESTS (uint8_t, u8)
+ALL_TESTS (uint16_t, u16)
+ALL_TESTS (uint32_t, u32)
+ALL_TESTS (uint64_t, u64)
+ALL_TESTS (int8_t, s8)
+ALL_TESTS (int16_t, s16)
+ALL_TESTS (int32_t, s32)
+ALL_TESTS (int64_t, s64)
+
+/* { dg-final { scan-tree-dump-times "return \\{ 10, 13, 16, ... \\}" 8 "optimized" } } */
+/* { dg-final { scan-tree-dump-times "return \\{ 50, 65, 80, ... \\}" 8 "optimized" } } */