Auto Stocks Outlook
Seen bouncing back next week ahead of earnings
This story was originally published at 18:34 IST on 9 January 2026
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NEW DELHI – Shares of automobile companies are expected to bounce back next week, with companies set to kick off December quarter earnings disclosure in the coming weeks, analysts said. Nifty Auto snapped a two-week gaining streak on Friday, with the index closing 1.2% lower at 28087.65. For the week, Nifty Auto closed 2.5% lower, largely mirroring the loss registered by the benchmark Nifty 50 index.
"Profit-booking in autos, metals, and oil & gas weighed on indices, while selective buying in consumer durables, on hopes of a demand revival, offered a brief respite," Vinod Nair, head of research at Geojit Investments, said in a note. "Looking ahead, clarity on global trade dynamics and Q3 (Oct-Dec) earnings will shape market direction," Nair said.
Only two companies part of the 15-stock Nifty Auto index closed in the green this week. As many as five automobile companies in the index fell more than 5% this week.
For the December quarter, 15 automobile and component companies in the Nifty 200 are expected to report a 7% year-on-year increase in revenue and a 9?cline in profit, according to an Informist poll. Automobile companies reported a low double-digit year-on-year increase in production of passenger vehicles, commercial vehicles, and two-wheelers, supported by positive retail momentum following the cut in goods and services tax.
"The euphoria after the GST 2.0 rate rationalisation and improved rural sentiments kept the industry buoyed during and post-festivities as wholesale volumes grew strongly in Q3FY26 (Oct-Dec) across all segments," Prabhudas Lilladher said in a report. "New model launches/facelifts, improved realisation and sustained exports growth with a weaker INR aided revenue growth for most of the OEMs (original equipment manufacturers)," it said.
TOP HEADLINES
* SVF II Ostrich cuts stake in Ola Electric Mobility to 13.53% from 15.68%
* Bharat Forge, German firm ink MoU to explore AI for robotics, dark factories
* M&M launches EV variant of XUV 3XO, prices start INR 1.39 mln
* Tata Motors PV sells 168,616 units in Oct-Dec in domestic market, up 21% YoY
* Better quality, tech can up India auto sector's global standing: NITI Aayog
* Dec auto retail sales jump 15% on yr ahead of expected Jan price hike - FADA
* M&M launches new XUV 7XO at prices starting INR 1.37 mln
* Tata Motors PV says JLR's Oct-Dec wholesale volumes fall over 43% on year
Following are the resistance and support levels for key automotive 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 LTD | 504.40 | 1.40 | 532.00 | 488.20 |
| ASHOK LEYLAND LTD | 187.76 | (-)0.50 | 194.30 | 180.60 |
| BAJAJ AUTO LTD | 9562.50 | 0.60 | 9935.50 | 9351.50 |
| BALKRISHNA INDUSTRIES LTD | 2368.00 | (-)0.00 | 2407.60 | 2321.60 |
| BHARAT FORGE LTD | 1444.50 | (-)2.20 | 1478.10 | 1422.50 |
| BOSCH LTD | 37995.00 | (-)3.60 | 39415.00 | 36955.00 |
| EICHER MOTORS LTD | 7507.00 | 2.40 | 7663.00 | 7408.00 |
| EXIDE INDUSTRIES LTD | 346.45 | (-)5.80 | 356.80 | 340.50 |
| HERO MOTOCORP LTD | 5773.00 | (-)2.70 | 5945.00 | 5665.00 |
| MAHINDRA & MAHINDRA LTD | 3677.30 | (-)3.30 | 3779.00 | 3616.20 |
| MARUTI SUZUKI INDIA LTD | 16501.00 | (-)2.70 | 16827.70 | 16253.70 |
| MRF LTD | 147095.00 | (-)2.40 | 150985.00 | 144575.00 |
| SAMVARDHANA MOTHERSON INTERNATIONAL LTD | 115.64 | (-)5.20 | 119.40 | 113.00 |
| TATA MOTORS LTD | 431.55 | (-)2.40 | 453.30 | 417.40 |
| TATA MOTORS PASSENGER VEHICLES LTD | 354.15 | (-)4.40 | 362.90 | 347.80 |
| TVS MOTOR COMPANY LTD | 3759.20 | (-)2.30 | 3883.80 | 3689.00 |
| NIFTY AUTO | 28087.65 | (-)2.50 | 28694.00 | 27731.70 |
| NIFTY 50 | 25683.30 | (-)2.50 | 26066.60 | 25431.40 |
| BSE SENSEX | 83576.24 | (-)2.60 | 84798.90 | 82791.00 |
End
Reported by Anand JC
Edited by Saji George Titus
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