Passenger vehicles, two-wheelers and three-wheelers posted double-digit growth in July, while two-wheeler exports rose 27.7 per cent as the auto industry entered the festive season
Muthuselvaraj M, technical research analyst at Mirae Asset Sharekhan says Mahindra & Mahindra, Jio Financial Services and Shriram Finance stocks look favourably placed on the technical charts.
While several firms have responded with calibrated price increases to protect margins, many signalled that further price escalations could follow
Shriram Finance (up 28 per cent), Eicher Motors (up 22 per cent), Cholamandalam Financial Holdings (up 19 per cent) and M&M (up 19 per cent) have outperformed Nifty 50 this far in FY27, data shows.
HSBC had earlier upgraded Indian equities to "Neutral" from "Underweight" and raised its 2026-end target for the BSE Sensex index to 84,000 levels.
Revenue rises 77% YoY; PBIT margin improves 860 bps as XEV 9S drives volumes, EV penetration
Mahindra & Mahindra Ltd on Saturday reported a 26 per cent rise in total auto sales at 1,03,860 units in July 2026. Utility vehicle sales in the domestic market stood at 60,048 units last month as against 49,871 units in July 2025, registering a growth of 20 per cent. Domestic sales for commercial vehicles stood at 25,204, a growth of 23 per cent, it added. Total exports in July stood at 4,070 units as against 2,774 units in the same month last year, up 47 per cent, the company said. The overall growth reflects all-round demand traction across the portfolio, M&M Ltd CEO, Automotive Division, Nalinikanth Gollagunta, said.
Auto stocks in demand: BSE Auto index rose 2 per cent, and quoted nearly its all-time high of 64,584 hit on January 1, 2026.
Auto and farm profits rise 18%; services PAT jumps 80% on improved performance at MMFSL and Tech Mahindra
Mahindra Group chairman says prolonged global uncertainty offers prepared companies an edge, with India poised to emerge as a multi-aligned 'connector economy'
Rs 322-crore funding led by Lightrock values Mahindra Last Mile Mobility at Rs 10,822 crore as the company targets a second-half FY27 listing
Mahindra & Mahindra on Thursday reported 33.6% YoY growth in consolidated net profit, backed by 26.6% increase in revenue from operations for Q1FY27.
Automotive revenue rose 32.3 per cent and farm equipment revenue grew 14.8 per cent, while a ₹641 crore associate-investment sale gain supported consolidated profit growth
SML Mahindra's board on Wednesday approved the acquisition of the Mahindra Truck and Bus Division from parent Mahindra & Mahindra.
Stocks to watch today: Bajaj Finance, Vedanta Ltd, Tata Steel, Bajaj Housing Finance, Dabur India, PNB, RCF, IRFC, Torrent Pharma, Vedanta Power, Waaree Energies, among others, will be in focus today.
M&M, which manufactures SUVs and modern electric vehicles like the Scorpio-N, XUV700, and Thar, will post its Q1 FY27 results on Thursday, July 30.
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