Auto Stocks

India's auto sector starts 2026 with strong demand across PVs, 2Ws, CVs and tractors. MOFSL prefers TVS Motor and Maruti Suzuki.

According to MOFSL, the demand for vehicles has picked up across segments, buoyed by GST rationalisation, and remains strong even post the festive season

Nomura noted that adjusted Ebit margin came in at 8.9 per cent, well below its estimate of 9.9 per cent, with ASPs falling 2.3 per cent quarter-on-quarter (Q-o-Q) to around ₹7.12 lakh.

India-EU FTA may lift export potential for Indian automakers with limited import risk, analysts say

Following the announcement, the automaker's stock rose as much as 3.80 per cent to ₹3,703.90 on the NSE during intraday trade on Wednesday

Indian auto component makers cheer the India-EU trade deal, while luxury car brands see long-term demand boost as import duties ease, even as local automakers' stocks slip

Maruti Suzuki Q3 preview: The company is expected to report its Q3 earnings on Wednesday, January 28, 2026.

Lean inventory levels at the end of calendar year 2025 indicate better demand-supply alignment and set the stage for continuous momentum into the coming quarters, according to Motilal Oswal

Emkay Global upgrades Bajaj Auto to 'Buy', raises target to ₹11,100 citing EV leadership, export recovery, EPS upgrades and strong risk-reward outlook

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.

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

The Nifty Auto index has zoomed as much as 157.8 per cent in the last four calendar years as against a 50.6 per cent surge in the benchmark Nifty 50, shows data.

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.

The National Stock Exchange (NSE) has sought clarification from JBM Auto Limited regarding the news of JBM Auto buying stakes in Fortum' electric-vehicle charging network

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 company expects the momentum to continue in the second half of the fiscal year (H2FY26), with overall industry volume growth projected at 8-10 per cent.

Systematix has set a target price of ₹192 for JTEKT India, valuing the stock at EV/Ebitda of 17.5 times on December 2027E, in line with its past five-year average multiple

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.

Entry-level vehicles across 2Ws and PVs are seeing a notable pickup in demand, while discounts are expected to gradually reduce, reflecting normalisation in market dynamics.