Auto Stocks Outlook
Seen up next wk as West Asia war, crude oil price ease
This story was originally published at 23:04 IST on 17 April 2026
Register to read our real-time news.Informist, Friday, Apr. 17, 2026
MUMBAI – Automotive stocks are likely to move up next week, according to technical analysts. With Iran agreeing to keep the Strait of Hormuz open for trade as long as the ceasefire in Lebanon holds and crude oil prices easing substantially as a result, the equity market is expected to rise sharply, which will also drive share prices of automotive companies higher, analysts said. Following the announcement, the June futures contract of Brent Crude dropped to $88 a barrel, a one-month low.
The Nifty Auto sectoral index is expected to consolidate in a broader range, with the support at 25900 points and resistance at 26800 points, Vipin Kumaar, assistant vice-president, technical and derivatives, at Globe Capital Market, said. Friday, the index closed at 26435 points, up slightly. For the week, it was the hardest hit sectoral index, falling nearly 1%, in contrast to a rise of over 1% in the benchmark Nifty 50.
Sona BLW Precision Forgings and Tata Motors Passenger Vehicles ended 5-7% higher and were the top gainers during the week. Hero MotoCorp and Eicher Motors fell the most. Analysts have expressed concern that the weak outlook for the monsoon this year could pose a risk to rural demand, likely hitting sales of two-wheeler and tractors. Further, the rise in fertiliser costs because of the supply chain disruption following the outbreak of hostilities in West Asia is also seen pinching rural income, analysts said. However, some analysts believe it is too early to make any such forecast.
Emkay Global Financial Services prefers two-wheelers and commercial vehicles over passenger vehicles, a view it "expects to uphold" in the financial year 2026-27 (Apr-Mar). The growth in sales of two-wheelers and heavy and medium commercial vehicles, led by a durable replacement-led demand cycle, suggest a meaningful runway ahead, according to the broking firm.
In contrast, the passenger vehicles segment faces a more challenging setup, where despite healthy near-term demand, the combination of lower pricing amid a sharp rise in commodity prices, lack of new launches, and rising competitive intensity due to new entrants like the JSW Group is likely to weigh on margins.
TOP HEADLINES
* Maruti Suzuki discontinues Ignis amid dwindling demand, say sources
* TVS Motor increases stake in DriveX Mobility by over 5% to 92.41%
* Ashok Leyland hikes prices on input cost pressures, sees demand holding firm
* Ashok Leyland aims to tap Delhi, UP, Gujarat with twin-fuel DOST, DOST+ XL
* Ashok Leyland launches two twin-fuel small commercial vehicle models
* Prazim Trading sells 0.7% stake in Craftsman Automation for INR 1.15 bln
* CONCOR gives INR 1.75-bln order to Braithwaite & Co for supply of wagons
* Production at Tata Motors plant in Lucknow crosses 1 million mark
* Data Alert: Freight traffic handled by major Indian ports up 8% in FY26
* SIAM head says stress increased in April but production holding up so far
* Data Alert: Auto cos close FY26 on high note on 2-wheeler, PV sales - SIAM
* SpiceJet says airline to collapse if forced to pay money in arbitration case
* Delhi releases draft EV Policy 2026-30, proposes sops to promote e-vehicles
* Govt extends subsidy on electric 2-, 3-wheelers to tackle W Asia war impact
* Ola Electric launches S1 X+ scooter at introductory price of INR 129,999
* M&M arms to sell 99.02% stake in Erkunt Foundry, exit foundry business
* M&M March production up 13% on year to 102,701 units, SUV output up 12%
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 | 445.40 | 1.70 | 453.20 | 437.50 |
| Ashok Leyland | 174.78 | (-)1.80 | 179.40 | 170.80 |
| Bajaj Auto | 9,773.50 | (-)0.40 | 9,883.20 | 9,667.20 |
| Balkrishna Industries | 2,329.80 | 2.70 | 2,391.30 | 2,277.30 |
| Bharat Forge | 1,860.50 | 3.40 | 1,907.50 | 1,797.50 |
| Bosch | 37,505.00 | 0.50 | 38,281.70 | 36,811.70 |
| Eicher Motors | 7,189.50 | (-)3.20 | 7,288.50 | 7,012.50 |
| Exide Industries | 330.00 | 1.70 | 335.40 | 326.00 |
| Hero MotoCorp | 5,230.50 | (-)4.30 | 5,323.20 | 5,084.20 |
| Mahindra & Mahindra | 3,200.20 | (-)1.80 | 3,266.70 | 3,151.70 |
| Maruti Suzuki India | 13,453.00 | (-)1.90 | 13,843.00 | 13,061.00 |
| MRF | 139,855.00 | 2.30 | 141,181.70 | 137,571.70 |
| Samvardhana Motherson International | 125.03 | 2.40 | 128.20 | 119.20 |
| Tata Motors | 439.10 | (-)1.20 | 449.80 | 430.40 |
| Tata Motors Passenger Vehicles | 360.10 | 5.10 | 367.20 | 348.50 |
| TVS Motor Co. | 3,735.80 | (-)2.70 | 3,813.30 | 3,683.30 |
| Index | Level | |||
| Nifty Auto | 26435.00 | (-)0.80 | 26793.50 | 26011.00 |
| Nifty 50 | 24353.55 | 1.30 | 24549.70 | 23998.00 |
| BSE Sensex | 78493.54 | 1.20 | 79085.00 | 77430.50 |
End
Reported by Gopika Balasubramanium
Edited by Rajeev Pai
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.
To read more please subscribe
Share this Story:
