More Stories

Informist, Friday, Feb. 6, 2026

MUMBAI – The positive momentum of automobile stocks is expected to continue next week, after getting a boost from the announcement of the long-awaited India-US trade deal with US President Donald Trump reducing the reciprocal tariff on Indian exports to the US to 18% from 25%. Expectations of a stronger December-quarter earnings amid sustained retail demand post the festival season and full pass-through of the cut in the goods and services tax are also seen supporting the positive momentum, analysts said.

In January, the sector saw wholesale sales benefiting from the lower goods and services tax, festivals, marriage season, rural traction from robust rabi acreage and near completion of a good kharif harvest, discounts on 2025 models, and reduced interest rates, broking firm Prabhudas Lilladher said in a report Tuesday. Expectations of future price hikes by automakers also led to some pre-buying in the month, the brokerage said.

This week, Tata Motors Passenger Vehicles, Hyundai Motor India, Hero MotoCorp, and Bosch announced their December quarter earnings. Hero MotoCorp reported a better-than-expected top line for the December quarter driven by a boost from the festive season and new model launches, but its bottom line fell short of what analysts had expected, dented by a one-time cost of INR 1.19 billion. Similarly, Hyundai Motor India managed to meet the Street's view for its top line but failed to meet the expectations for its bottom line, which was impacted by a rapid rise in commodity prices.

Meanwhile, the December quarter earnings of Tata Motors Passenger Vehicles came under pressure from the lingering impact of the cybersecurity attack at its UK-based subsidiary Jaguar Land Rover in August. The Sierra maker reported a consolidated net loss of INR 34.86 billion for the quarter, against a net profit of INR 54.06 billion in the year-ago quarter. Its top line fell 26% on year and 3.1% on quarter to INR 701.08 billion. With the continuing pressure from input costs, especially prices of noble metals, the company said it expects to raise prices of its cars in the coming weeks.

Next week, Eicher Motors, Samvardhana Motherson International, ZF Commercial Vehicle Control Systems India, Popular Vehicles and Services, Amara Raja Energy & Mobility, Bharat Forge, and Endurance Technologies will announce their December quarter earnings.

This week, the Nifty Auto index closed nearly 3% higher on a weekly basis after closing in the red for four consecutive weeks. The sectoral index has witnessed a decisive breakaway gap, flipping its earlier bearish chart structure on the back of the India–US trade deal, said Vatsal Bhuva, technical and derivatives analyst at LKP Securities. "The trade deal acted as the much-needed trigger for the index to emerge from its corrective phase," Bhuva said.

The sectoral index has reclaimed its 20-day moving average and is now consolidating above its breakout zone, indicating improving price stability, Bhuva said. The momentum indicators further support the move, with Relative Strength Index confirming a positive divergence, he added.

On Friday, the Nifty Auto index closed at 27519.55 points, down 144.95 points or 0.5% from the previous close. Next week, the index is seen finding support at 27200 levels and immediate resistance is placed at 27650 and positional resistance at 28000, Bhuva said.

TOP HEADLINES

* Mahindra group to invest INR 150 bln in auto, tractor mfg unit in Nagpur
* Analyst Concall: Under-represented in scooters, scope to grow: Hero MotoCorp
* Earnings Review: Hero MotoCorp Q3 PAT misses Street's view on one-time cost
* Earnings Review: JLR's cyber woes cast shadow on Tata Motors PV's Q3 show
* Tata Motors PV to raise prices in coming wks as input cost pressures mount
* Analyst Concall: JLR debt deep, won't be cleared in 3 qtrs - Tata Motors PV
* Earnings Review: Rise in input cost caps Mazagon Dock Q3 PAT growth at 9%
* Earnings Review: JLR's cyber woes cast shadow Tata Motors PV's Q3 show
* Tata Motors PV to hike prices in coming wks as input cost pressures continue
* TVS Motor rolls out TVS King Kargo CNG at introductory price INR 270,648
* Minda Corp appoints Ajay Agarwal as group CFO with immediate effect
* Earnings Review: Uno Minda sees double-digit growth in Q3 PAT, misses view
* Minda Corp Oct-Dec consol PAT up over 32% YoY to INR 857 million
* HAL confident of meeting FY26 guidance, says LCA Mk1A jet ready for delivery
* Shipping Corp gets income tax refund of INR 2 bln post tribunal order
* Force Motors Oct-Dec PAT up over 3-fold YoY at INR 4.03 billion
* Earnings Outlook: Uno Minda Q3 PAT, revenue seen higher on deal ramp up
* Analyst Concall: Core organic ops growth beat Q3 view, says Tube Investments
* NCLT asks Jet Air liquidator to pay provident fund, gratuity dues to workmen
* Earnings Outlook:JLR to drag dn Tata Motors PV Q3 despite bumper qtr at home
* Earnings Review: Tube Invest Q3 revenue highest in 37 qtrs, beats estimates
* Data Alert: Domestic air passenger traffic down 4.1% YoY at 14.31 mln in Dec
* M&M gets its largest export order, to supply 35,000 LCVs to Indonesia
* Shipping Corp signs pact with CONCOR, others for container vessels
* Popular Vehicles' arm signs pact with Balkrishna Ind for tyre distribution
* Tariff cut to boost competitiveness of Indian auto components in US - ACMA
* Adani Ent arm, Leonardo ink MoU to set up helicopter mfg ecosystem in India
* Bajaj Auto Jan sales rise 25% on yr to 477,422 units, domestic sales up 26%
* PI Oppurtunities Fund to invest INR 3 bln in Bharat Forge arm JS Auto
* Maruti Suzuki's production rises 9% YoY in Jan, SUV output surges 42%
* Analyst Concall: Hyundai Motor to press exports pedal to boost profitability
* Earnings Outlook: Hero MotoCorp's Q3 revenue to gain on robust volume growth
* Olectra Greentech Oct-Dec consol PAT rises 0.2% YoY to INR 463.97 million
* Ather Energy net loss narrows YoY to INR 846 million in Oct-Dec
* Earnings Review: Hyundai Motor Q3 PAT misses estimates as costs bite
* Force Motors Jan total sales rise 4.6% on year, exports contract
* Bookings strong, co managing output amid supply hiccups - Maruti Suzuki
* Maruti Suzuki Jan India PV sales flat YoY as festive momentum fades
* BUDGET: Proposes outlay of INR 59.40 bln for Auto PLI scheme for FY27
* BUDGET: Centre's flagship EV scheme to get INR 15 bln for FY27
* Strong retail push sees Hero MotoCorp's Jan sales up 26% YoY at 557,871 units
* BUDGET: Focus on poll-bound states with industrial, freight corridors
* Ola Electric starts delivery of 9.1 kWh battery storage system Ola Shakti
* Eicher Motors Jan CV sales rise 25% YoY to 10,601 units
* Ashok Leyland total vehicle sales up 27% YoY at 21,920 units in Jan
* TVS Motor Jan 2-wheeler sales rise 28% to 494,195 units
* Belrise Inds OKs amalgamation with Badve Autocomps, Eximius Infra Tech
* Tata Motors Jan commercial vehicle sales up 30% on year to 41,549 units
* Royal Enfield motorcycle sales up 14% at 104,322 units Jan - Eicher Motors
* M&M Jan total vehicle despatches up 24% YoY to 104,309 units
* Tata Motors PV Jan car sales jump 47% on year on robust India performance
* Hyundai Motor sells 73,137 units Jan, up 12% YoY, highest-ever monthly sales
* Escorts Kubota Jan total tractor sales up 47% YoY at 9,799 units
* Belrise Industries Oct-Dec consol PAT rises 21.2% YoY to INR 1.22 billion
* Govt appoints Jose V J as Cochin Shipyard interim CMD for 3 mos
* Birla Corp Oct-Dec consol revenue fall 4.3% YoY, but PAT rises 69.2%
* Analyst Concall:KPIT Tech charts turnaround via pivot to solutions-led model
* Analyst Concall: Feel need for a brand in 125cc segment, says Bajaj Auto
* Bajaj Auto sees motorcycle sales rising in mid-to-high single digit near term
* Earnings Review: Bajaj Auto Q3 PAT, revenue hit quarterly record, miss view
* Earnings Outlook: Export sales growth to drive Hyundai Motor Q3 PAT, revenue
* Motherson Sumi Wiring Oct-Dec PAT rises nearly 7% YoY to INR 1.5 bln
* JBM Auto Oct-Dec consol PAT rises 4.7% YoY to INR 551.1 million
* Tamil Nadu tax dept drops INR-2.99-bln demand, Escorts Kubota says

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:

End

Reported by Arya S. Biju

Edited by Ashish Shirke

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

Informist Media Tel +91 (22) 6985-4000

Send comments to feedback@informistmedia.com

© Informist Media Pvt. Ltd. 2026. All rights reserved.