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Informist, Friday, Jul. 25, 2025

MUMBAI – With muted sales growth, subdued demand in the urban market, and the monsoon delaying customer buying, shares of automobile and component manufacturers will likely have minimal upside next week, analysts said. Although the India-UK free trade agreement is a positive for the sector, it has already been factored into the stock prices, analysts said. The delay in the trade agreement between the US and India is also a sentiment dampener, analysts said. Next week, investors will primarily focus on the June quarter earnings of a slew of automobile companies.

The combined net profit of automobile companies that are part of the Nifty Auto index is likely to decline 11% on year, according to an Informist poll. The aggregate revenue of the companies is seen falling 5% on year. The projected decline in growth is likely due to a low 2% on-year growth in wholesale sales volume in the latest quarter. Next week, Eicher Motors, TVS Motor Co., Maruti Suzuki India, Mahindra & Mahindra, and Hyundai Motors India are scheduled to report their June results. 

TVS Motor and M&M will likely fare better among the Nifty Auto constituents. The top line and bottom line are seen rising in the twenties. Maruti Suzuki's net profit is expected to fall in the high teens while its top line is seen rising in the low single digits. Eicher Motors and Hyundai Motors will likely post moderate earnings for the June quarter.  

On Friday, the Nifty Auto closed at 23781.55 points, down 0.5% on week. All 15 Nifty Auto constituents closed lower on Friday and for the week. Exide Industries, Samvardhana Motherson International, Bajaj Auto, and Ashok Leyland fell 2-3% on Friday. This week, two-wheeler makers such as Hero MotoCorp, Bajaj Auto, and TVS Motor Co. fell the most, closing 2-4% lower. Technical analysts see the Nifty Auto index moving in a range of 23600-24100 points. 

TOP HEADLINES

* SpiceJet finalises pact to induct five Boeing 737 aircraft into fleet
* Maruti Suzuki hikes Fronx prices on addition of six airbags
* PRESS: Late Sunjay Kapur kin alleges coercion, seeks deferring Sona BLW AGM
* Enough riders in UK FTA to protect local auto industry, says trade ministry
* Data Alert: Domestic air passenger traffic dips to multi-month low in June
* Maruti Suzuki raises prices of multi-purpose vehicle XL6 on airbag addition
* Minda Corp partners with Qualcomm to develop smart cockpit solutions
* SC rejects Maran, KAL Airways' INR 13-bln damages claim against SpiceJet
* Hero MotoCorp launches HF Deluxe Pro at INR 73,550
* Hyundai Motor gets GST demand notice of INR 5.17 bln including penalty
* Found no issues with locking mechanism on fuel control switches - Air India
* Motherson Sumi Wiring allots 2.21 bln bonus shrs aggregating to INR 2.21 bln
* Sona BLW board approves JV with Chinese co to manufacture auto components
* Samvardhana Motherson OKs issue of 3.52 bln bonus shares worth INR 3.52 bln
 

Following are the resistance and support levels for the stocks for next week as per calculations by Informist based on their prices on the National Stock Exchange:

End

Reported by Gopika Balasubramanium

Edited by Saji George Titus

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