More Stories

Informist, Friday, Aug. 14, 2026

MUMBAI – Shares of top automobile and ancillary companies are expected to return to the green in the coming week, analysts said. The Nifty Auto index, which witnessed a strong rally following a breakout above 27500 points, still shows bullish indicators, according to technical analysts.

Friday, the Nifty Auto closed 0.6% lower at 29207.90 points. The sectoral index closed 1.5% lower this week, snapping a four-week gaining streak. Unlike the previous week, the index performed worse than the benchmark Nifty 50, which fell 0.8%.

"The psychological level of 30000 (points) could act as the next major resistance, while immediate support is placed at 29900 and positional support at 29600," Vatsal Bhuva, technical and derivatives analyst at LKP Securities, said.

This week, only four stocks that are part of the Nifty Auto index closed in the green. Bosch was the best performer, up almost 10%. Among the 11 losers, Bharat Forge fell the most, down nearly 9%. "Within the auto sector, the two-wheeler segment continues to show a strong bullish structure, with Hero MotoCorp, TVS Motor and Bajaj Auto maintaining a positive technical setup," Bhuva said.

The Society of Indian Automobile Manufacturers Thursday disclosed wholesale sales data for July. Dispatches surged a little over 24% on year to 3.09 million units, including domestic and export sales. Led by growth in passenger cars, passenger vehicle dispatches outperformed those of two-wheelers in India.

All major automobile and ancillary companies have disclosed their financials for the June quarter. While the industry continued to cheer sustained growth in sales, it collectively lamented the threat from continued pressure stemming from higher commodity costs. There is a sense of optimism that the resultant vehicle price hikes have not been major enough to dent the momentum spurred by the cut in goods and services tax.

However, automobile companies expect some moderation in on-year sales growth from the December quarter, on account of a higher base. Some companies such as Ashok Leyland hope things will normalise from the final quarter of the current financial year, but most remain on their toes, unwilling to pinpoint when the issue may ease.

TOP HEADLINES

* Earnings Review: Tube Investments Q1 PAT slips on higher costs; sales up 18%
* Analyst Concall: Endurance Tech sees FY27 capex at levels similar to FY26
* Earnings Review: Ashok Leyland Q1 PAT grows at 3-qtr low on cost pressures
* M&M launches new HCV BLAZO i-TRK, raises driver insurance to INR 1 mln
* Olectra Greentech Apr-Jun consol PAT flat at INR 259.5 million
* Escorts Kubota launches 2 tractor models in agri-machinery business segment
* TVS Motor launches electric three-wheeler King Max in Sri Lanka
* Analyst Concall: Tata Motors PV sticks to JLR FY27 target after poor Q1 show
* After slump, JLR pins hopes on 4 new cars for better days in short term
* Earnings Review: Endurance Tech Q1 sales rise 30% YoY, beat Street's view
* Earnings Review: Tata Motors PV Q1 PAT falls sharply as JLR falters again
* Minda Corp Apr-Jun consol PAT surges over 3-fold YoY to INR 2.06 billion
* Rane Holdings Apr-Jun consol PAT falls 26% YoY to INR 373.7 million
* Data Alert:Jul auto despatches up 24%; PVs outpace 2-wheelers, exports robust
* Anand Mahindra, family give INR 3 bln M&M shares to university, institute
* Analyst Concall: Tata Motors expects CV sales to rise in double digits Q2
* Tata Motors' actions to de-bottleneck supply chains to help meet CV demand
* Earnings Review: Tata Motors Q1 PAT beats view; YoY growth stunted by costs
* Ola Electric says arm Ola Cell to get INR 72.4-bln PLI incentive in 5 years
* PM E-Drive scheme support for electric 2-wheelers till Mar 2028, outlay up
* Analyst Concall:Bosch sees high volume growth in mobility portfolio in 5 yrs
* Escorts Kubota agri vertical to hike prices across tractor models in August
* Bharat Forge to invest up to INR 2.4 bln in subsidiary Kalyani Strategic
* Earnings Review: Bosch Q1 PAT dn on high base; revenue growth at 13 qtr-high
* M&M's production in July jumps over 20% on year to 101,954 units
* Analyst Concall: Bharat Forge to divert fresh funds towards new businesses
* Earnings Review: Bharat Forge Q1 PAT down as rise in costs fastest in 11 qtrs
* Ola Electric Apr-Jun consol net loss narrows on year to INR 3.36 billion
 

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 Anand JC

Edited by Shubhayan Bhattacharya

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.