Auto Stocks Outlook
Seen up in near term on sectoral strength
This story was originally published at 18:55 IST on 12 December 2025
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NEW DELHI – Shares of Indian automobile companies are expected to trend higher in the coming week due to sectoral strength, analysts said. "The overall industry is showing strong bullish momentum," said Ajit Mishra, senior vice president of research at Religare Broking. He expects select stocks such as TVS Motor Co., Eicher Motors, and Mahindra & Mahindra to outperform peers.
The Nifty Auto index Friday closed at 27820.85 points, up 0.6%. For the week, however, the index snapped a four-week winning streak to close 0.4% lower. In comparison, the benchmark Nifty 50 closed 0.5% lower for the week.
Only five of the 15 Nifty Auto stocks closed in the green for the week. While Samvardhana Motherson International Ltd. was the outlier with a 3.6% gain, Hero MotoCorp lagged the most, down 6.2%.
The automobile industry has performed better in recent weeks following the cut in goods and services tax and because of the festival season, which spurred demand. Companies sold 2.37 million automobiles to dealerships in November, up 21% on year as they increased production to keep up with the surge in demand, according to data from the Society of Indian Automobile Manufacturers.
Wholesale sales of two-wheelers in India grew over 21% on year to 1.94 million units in November, while their exports grew at a faster 30% on year to 471,012 units. Companies despatched 412,405 passenger vehicles to dealerships in India last month, up nearly 19% on year.
Earlier this week, the Federation of Automobile Dealers Association said that retail sales in India grew 2% on year to 3.3 million units, mainly driven by a mild contraction in sales of two-wheelers. "A significant retail shift occurred due to festive buying in October, combined with delayed crop payments and uneven supply of preferred models," FADA had said.
Analysts expect this surge in demand to moderate in the coming months, but not to a great deal. Momentum could also be hampered by price increases which may negatively affect demand sentiment. On Friday, luxury car maker Mercedes-Benz India announced a 2% increase in prices of its cars effective Jan. 1. "The price adjustments reflects ongoing forex challenges as Euro-INR exchange rate consistently remains above INR 100 mark in 2025. This has been significantly higher than historical averages," the company said in a press release. Other companies are expected to follow suit in January, but the quantum remains unclear.
TOP HEADLINES
* Data Alert: India Nov auto despatches up 21% on strong all-round show - SIAM
* Hero MotoCorp's mobility brand Vida launches Dirt.E K3 dirt bike for children
* M&M to start pre-bookings of XUV 7XO with INR 21,000 booking amount from Mon
* Escorts Kubota launches Kubota U22-6 mini excavator in India
* Bharat Forge clarifies no individual from co travelled to Russia since 2021
* Electric PV retail sales up 62% Nov; Tata Motors PV further cements its lead
* Olectra Greentech refutes media report, says not yet making electric cars
* M&M produces 96,196 automobiles in November, up over 18% on year
* M&M announces newest SUV offering XUV 7XO, inspired by its XUV700 model
* Nov retail sales up 2% YoY but moderate MoM as festive fervour fades - FADA
* EVs need rare earth imports, flex-fuel vehicles more secure: Toyota's Gulati
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:
| Company | Price | Week-on-week change in % | Resistance | Support |
| APOLLO TYRES LTD | 510.00 | (-)2.20 | 523.30 | 500.50 |
| ASHOK LEYLAND LTD | 163.86 | 1.90 | 167.50 | 158.50 |
| BAJAJ AUTO LTD | 9015.00 | (-)1.00 | 9151.00 | 8892.00 |
| BALKRISHNA INDUSTRIES LTD | 2349.00 | (-)1.40 | 2384.20 | 2292.60 |
| BHARAT FORGE LTD | 1426.60 | 1.50 | 1445.70 | 1395.10 |
| BOSCH LTD | 36715.00 | (-)0.60 | 37315.00 | 35985.00 |
| EICHER MOTORS LTD | 7229.00 | 0.30 | 7317.00 | 7144.00 |
| EXIDE INDUSTRIES LTD | 373.75 | (-)1.70 | 378.50 | 368.60 |
| HERO MOTOCORP LTD | 5960.00 | (-)6.20 | 6069.70 | 5895.70 |
| MAHINDRA & MAHINDRA LTD | 3679.60 | (-)1.00 | 3712.30 | 3644.90 |
| MARUTI SUZUKI INDIA LTD | 16522.00 | 1.50 | 16724.00 | 16146.00 |
| MRF LTD | 152550.00 | (-)0.40 | 154450.00 | 151050.00 |
| SAMVARDHANA MOTHERSON INTERNATIONAL LTD | 121.30 | 3.60 | 122.40 | 119.40 |
| TATA MOTORS LTD | 373.45 | 3.90 | 385.60 | 360.30 |
| TATA MOTORS PASSENGER VEHICLES LTD | 347.45 | (-)1.70 | 351.80 | 342.60 |
| TVS MOTOR COMPANY LTD | 3655.20 | (-)0.30 | 3683.10 | 3609.10 |
| NIFTY AUTO | 27820.85 | (-)0.40 | 27954.30 | 27617.30 |
| NIFTY 50 | 26046.95 | (-)0.50 | 26133.50 | 25895.20 |
| BSE SENSEX | 85267.66 | (-)0.50 | 85545.80 | 84817.70 |
End
Reported by Anand JC
Edited by Ashish Shirke
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