OEM revenue is expected to rise 22-29 per cent in Q1FY27, led by strong vehicle demand, exports and premiumisation, while higher input and freight costs are likely to squeeze margins
Analysts said the impact of a weak monsoon would depend more on the distribution of rainfall across key agricultural regions rather than the overall national rainfall figure.
India's automobile industry recorded its strongest-ever first quarter, with record sales across key segments, while SIAM expects festive demand and easier financing to sustain momentum
Stocks to watch today: TCS, SBI, Tata Steel, GMR Airports, M&M, HFCL, RIL, Fortis Healthcare, JSW Infra, Swiggy, Pidilite, Shree Cement, among others, will be in focus today
Stocks to watch today: Power Grid, Sterlite Technologies, ZEN Technologies, TVS Motor Company, Varun Beverages, Torrent Pharma, Cochin Shipyard, Titan, Trent, among others, will be in focus today
Buying interest extended to broader markets as well, with the Nifty Midcap 100 and Nifty Smallcap 100 indices settled higher by 0.45 per cent and 0.75 per cent, respectively
According to a recent India Meteorological Department (IMD) release, India recorded 45.6 mm of rainfall by June 20 against the seasonal normal of 84.4 mm, resulting in a 46 per cent shortfall.
Key trigger: Brent Crude prices have declined to $73/barrel, to almost its lowest since start of the US Iran war on February 28, 2026.
Dividend stocks: Among the announcements, Swaraj Engines has declared the highest final dividend of ₹110 per share, with July 3, 2026, as the ex-dividend date
Falling crude price is a clear positive for India's automobile and tyre sectors, where raw material and logistics costs are highly sensitive to crude derivatives, say analysts at ICICI Securities.
Expands focus beyond tractors into harvesters, seed drills and telematics-led services
May 2026 auto sales show strong PV and tractor demand but softer 2W and CV trends. Analysts favour Maruti Suzuki, TVS Motor, M&M and Tata Motors
Mahindra & Mahindra Ltd on Monday reported a 20 per cent year-on-year growth in total vehicle sales to 99,636 units in May, including exports. In the utility vehicle segment, the company sold 58,021 units in the domestic market, up 11 per cent from the year-ago period. Total UV sales, including exports, stood at 59,573 units. Domestic sales of commercial vehicles rose 19 per cent to 24,079 units, the company said in a regulatory filing. Nalinikanth Gollagunta, CEO, Automotive Division, M&M Ltd, said, "In May, we achieved SUV sales of 58,021 units, a growth of 11 per cent and total vehicle sales stood at 99,636, a 20 per cent YoY growth. The sustained demand across our portfolio continues, constrained by supply chain challenges due to manpower shortages at select suppliers.
Amol Athawale of Kotak Securities believes Chambal Fertilisers and M&M are favourably placed, while Coromandel looks weak on charts. The analyst flags key levels for these 3 monsoon-related stocks.
Despite prevailing global uncertainties, Indian automakers continued to post robust dispatch volumes in April 2026
Among sectoral names, analysts continue to prefer Mahindra & Mahindra due to its diversified earnings profile
M&M Q4 results analysis: Brokerages stay bullish on M&M amid strong SUV growth and earnings outlook. They see up to 43 per cent upside in M&M share price despite margin pressure, tractor sales' risks
Mahindra & Mahindra is strengthening localisation, multi-sourcing and platform flexibility to counter geopolitical disruptions and secure growth in its auto business
Death Cross alert: Technical analyst at Choice Broking expects Nifty Auto and Bank Nifty to underperform in the near-term as shorter-term moving average has slipped below the long-term 200-DMA.
Stocks to Watch today, Wednesday, May 6, 2026: Vedanta, Zen Tech, Grasim Industries, PNB, and Emcure Pharma are among the top stocks to watch today