Auto Stocks Outlook
Likely to take cues from Nov auto sales data due Mon
This story was originally published at 20:42 IST on 28 November 2025
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MUMBAI – Automobile stocks are likely to take cues from the wholesales sales data from automobile companies, due Monday, fundamental analysts said. As per charts, the technical analysts have a bullish bias on the sector, especially after the Nifty Auto hit a record high this week. Analysts expect further upside in the share prices with robust volume growth expectations in the December quarter, especially with low goods and services tax rates.
Wholesale sales of automobiles are expected to have been robust in November, with double-digit on-year growth across two-wheeler, commercial vehicle, and passenger vehicle segments, Nuvama Institutional Equities said in a report released Thursday. The broking firm expects the growth to be driven by better affordability, positive customer sentiment due to GST tax cuts, strong rural demand, interest rate cuts, and adequate finance availability. Exports are also expected to rise in double digits, especially those of two-wheelers and commercial vehicles, led by growth in Asia, Africa, and Latin American markets.
Two-wheeler wholesale sales in India are seen growing 15% on year in November, according to Nuvama. The broking firm sees 15% on-year rise in commercial vehicle sales and a 7% on-year rise in tractor sales. Passenger vehicle industry is seen posting 15% on-year increase in volumes in November.
Friday, the Nifty Auto closed slightly higher at 27774.60 points. During the week, the index rose over 0.9%. For the week, Ashok Leyland and Samvardhana Motherson International rose the most while Tube Investments of India and Eicher Motors saw the most losses.
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* TVS Motor launches 2 new versions of 3-wheelers under 'King' brand in Ghana
* Ather Energy launches Rizta in Sri Lanka in partnership with Evolution Auto
Following are the resistance and support levels for key automobile stocks for next week, as per calculations based on their prices on the National Stock Exchange:
| Company | Price | Week-on-week change in % | Resistance | Support |
| Apollo Tyres | 514.00 | 0.30 | 525.30 | 507.50 |
| Ashok Leyland | 158.12 | 9.30 | 162.20 | 154.20 |
| Bajaj Auto | 9073.50 | 2.00 | 9217.80 | 8849.80 |
| Balkrishna Industries | 2308.90 | (-)0.50 | 2363.90 | 2230.90 |
| Bharat Forge | 1433.80 | 1.70 | 1453.90 | 1402.70 |
| Bosch | 36110.00 | (-)1.10 | 36596.70 | 35826.70 |
| Eicher Motors | 7053.50 | (-)1.10 | 7133.80 | 6915.80 |
| Exide Industries | 374.80 | (-)0.20 | 380.90 | 364.90 |
| Hero MotoCorp | 6174.50 | 2.90 | 6291.50 | 6069.50 |
| Mahindra & Mahindra | 3757.30 | 0.20 | 3817.60 | 3660.00 |
| Maruti Suzuki India | 15900.00 | (-)0.50 | 16132.00 | 15734.00 |
| MRF | 152420.00 | (-)0.00 | 154680.00 | 150870.00 |
| Samvardhana Motherson International | 116.31 | 5.90 | 118.60 | 114.50 |
| TVS Motor Co. | 3531.50 | 2.60 | 3599.60 | 3472.40 |
| Nifty Auto | 27774.60 | 0.90 | 27990.00 | 27455.00 |
| Nifty 50 | 26202.95 | 0.50 | 26327.10 | 26110.40 |
BSE Sensex | 85706.67 | 0.60 | 86143.50 | 85359.40 |
End
Reported by Gopika Balasubramanium
Edited by Deepshikha Bhardwaj
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