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Informist, Friday, Sept. 4, 2026

 

NEW DELHI – The Nifty Auto index is set to trade lower in the coming week, having closed in the red for four consecutive weeks, as technical indicators flash signs of weakness, analysts said. "The index is trading below its 20-day and 50-day moving averages, keeping the short- to medium-term sentiment bearish. Rising crude (oil) prices are also adding pressure," Vatsal Bhuva, a technical and derivatives analyst with LKP Securities, said.

 

The sectoral index closed 0.5% lower Friday at 27710.90 points. For the week, it fell almost 4%, far worse than the benchmark Nifty 50 index, which fell a little over 1%. "The auto index has retraced more than 50% of its rally from 26575 to 29850 and is now hovering near the crucial 61.8% Fibonacci retracement level," Bhuva said. "Support is placed at 27500 while any recovery may face resistance near 28000."

 

Earlier this week, automobile companies disclosed wholesale sales data for the month of August. Despatches of passenger vehicles grew over 30% while those of two-wheelers grew 20%. "Retail volumes grew by over 15% YoY despite geopolitical uncertainty emanating from the Iran conflict," Kotak Securities said in a report. "The export segment remained mixed, as the OEMs (original equipment manufacturers) having higher exposure to the Middle East (West Asia) continued to see weaker trends."

 

Sales by Bajaj Auto, Escorts Kubota, Tata Motors, and Ashok Leyland were ahead of expectations while sales by Maruti Suzuki India, Mahindra & Mahindra, Hero MotoCorp, and Hyundai Motor were poorer than expectations. The Creta maker reported a contraction in exports in August as it was impacted by the availability of shipping vessels.

 

Despatches of commercial vehicles benefited from improving fleet operator sentiment and the demand stimulus created by the GST cut in September 2025. "We remain constructive on the FY27 auto outlook, supported by GST-led affordability, rural recovery, premiumisation, capacity ramp-ups, exports, and rising EV penetration," Nirmal Bang Institutional Equities said in a report earlier this week. "While industry growth is likely to moderate in H2FY27 (Oct-Mar) as GST benefits enter the base, this should largely reflect base normalisation rather than a demand slowdown," it said.

 

TOP HEADLINES

* Hyundai Motor India to revv up EV portfolio with mass market car - CEO Garg

* Tata Motors arm gets Italy regulator nod for Iveco Group stake tender offer

* Bharat Forge arm, Thales tie up to manufacture 70 mm rocket systems in India

* M&M expects trucks, buses ops integration into arm SML Mahindra by Jan

* Will continue CV price hikes till commodity costs soften - Ashok Leyland CEO

* Network stock 16 days, lower than preferred rate - Maruti Suzuki official

* High commodity costs a worry, exports hit by W Asia war - Hyundai Motor MD

* Escorts Kubota launches 6055 Classic Dark Edition, 2 PROMAXX 2.0 models

* Infra spending, replacement demand driving growth, says Ashok Leyland's Mani

* CII's  R Mukundan appeals to equipment makers to reduce dependency on W Asia

* JLR launches electric SUV 'Range Rover Electric' in India

* Consistent policy support key for auto sector growth - Hyundai India MD Garg

* Maruti Suzuki's Eeco sales cross 1.5 mln units; launches new variant

* Convert resilience to global competitiveness, SIAM Chandra tells auto cos

* Hackers evolving, auto cos must be one step ahead - Maruti Suzuki Takeuchi

* Auto part cos must focus on moving up the value chain, ACMA Singhania says

* Nissan MD Vatsa says no immediate plan to increase vehicle prices

* Ashok Leyland expects Gen-Z customers to skip local garages for repair

* Hero MotoCorp Aug sales up 3% YoY at 568,398 units, exports down 25%

* Auto cos positive on sales momentum continuing despite high base

* Maruti Suzuki output rise 40% on year in August, led by utility vehicles

* Maruti Suzuki sees logistics challenges continuing; likely drag on exports

* Tata Motors PV Aug total sales up 56% YoY at 67,753 units

* TVS Motor Aug sales up 21% YoY at 616,540 units; 2-wheeler EV sales up 137%

* Ashok Leyland total vehicle sales for Aug up 38% YoY at 21,038 units

* Tata Motors CV exports trebles in Aug; total sales rise 49% YoY

* Maruti Suzuki Aug despatches rise 21% YoY but fall 9% MoM to 219,220 units

* Hyundai Motor Aug despatches up 9%; export slump offsets strong local sales

* Bajaj Auto Aug despatches hit record high on strong exports

* M&M's Aug auto despatches rise 42% on year, India SUV sales up 50%

* Maruti Suzuki plans 40% YoY increase in capex FY27; small EV on anvil

* Ola  Electric secures INR 958.1 mln under auto PLI scheme

* Hero MotoCorp invests INR 17.58 bln in Ather Energy; raises stake to 32.8%

* Radhakrishnan to step down as TVS Motor CEO in Jan, Kargar named successor

* Tata Motors PV unveils new brand identity TATA.CARS

   

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	429.55	(-)3.20	437.90	424.10
Ashok Leyland	169.00	(-)3.90	175.30	165.00
Bajaj Auto	11,919.00	0.10	12,091.00	11,787.00
Balkrishna Industries	2,284.60	(-)2.40	2,380.60	2,216.00
Bharat Forge	1,956.00	(-)4.00	2,014.80	1,921.60
Bosch	46,820.00	(-)3.70	47,433.30	46,353.30
Eicher Motors	7,630.50	(-)5.30	7704.20	7,553.20
Exide Industries	424.35	(-)4.60	435.20	411.00
Hero MotoCorp	5,300.00	(-)5.40	5,356.70	5,231.70
Mahindra & Mahindra	3,170.00	(-)4.90	3,207.60	3,125.40
Maruti Suzuki India	12,694.00	(-)5.10	12,967.30	12,519.30
MRF	129,945.00	(-)1.60	131,618.30	128,868.30
Samvardhana Motherson International	160.70	(-)3.00	163.90	158.60
Tata Motors	458.20	(-)1.70	474.20	448.20
Tata Motors Passenger Vehicles	311.50	(-)2.50	317.40	307.70
TVS Motor Co.	4,133.10	(-)4.00	4,225.80	4,081.40
Index	Level
Nifty Auto	27710.90	(-)4.00	27967.40	27545.40
Nifty 50	23897.70	(-)1.20	24043.00	23823.20
BSE Sensex	76515.43	(-)1.00	77005.70	76270.30

 

End

 

Reported by Anand JC

Edited by Rajeev Pai

 

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