Quarterly Results

TVS Motor Q3 preview: Axis Securities expects TVS Motor's revenue to rise ~34 per cent Y-o-Y, led by a 27 per cent increase in volumes.

The momentum was not limited to retail-focused segments, the brokerage noted. The medium and heavy commercial vehicle (MHCV) industry showed clear signs of revival after a prolonged 15-month downturn.

In the past one week, the Nifty Auto index has outperformed the market by surging 5.4 per cent, as against 1.7 per cent gain in the Nifty 50.

TVS Motor, Maruti Suzuki India, Mahindra & Mahindra, and Ashok Leyland are some of the top picks of brokerages

Geojit Investments has a positive outlook on the overall market driven, mainly, by expectations of easing geopolitical risks and moderating tariff differences in 2026

Ashok Leyland and TVS Motor Company hit their respective all-time highs, while, M&M was close to its record high level

In passenger vehicles, the brokerage expects the segment to post 19 per cent year-on-year (Y-o-Y) growth in dispatches in December, broadly in line with retail trends.

New Year picks 2026: Motilal Oswal Wealth Management has picked SBI, Airtel, Biocon, Eternal and others for the upcoming year; check details here

Thus far in the calendar year 2025, the BSE Auto index has rallied 18 per cent, as against 8 per cent rise in the BSE Sensex.

The brokerage's analysis of its universe of stocks revealed that after a prolonged period of earnings cuts, companies are beginning to report earnings upgrades.