February gross sales information boosted shares of TVS Motor, Eicher Motors, Mahindra & Mahindra on Monday, whereas Bajaj Auto, Ashok Leyland, Hero Motocorp and Maruti Suzuki depreciated.
Auto sector confirmed resilience regardless of weakened market sentiment. Nifty auto ended at 20,538.15, up 0.19 per cent. The index continued to expertise strain on account of weak demand, continued selloff and potential competitors on account of Elon Musk-led Tesla’s entry into the market.
Analysts acknowledged a broader slowdown in demand throughout segments, whereas tractor quantity sustained. Passenger autos (PVs) and industrial autos (CVs) have been in line, whereas tractor volumes exceeded Motilal Oswal’s expectations. It added that Royal Enfield, Escorts Kubota, and M&M tractors outperformed estimates.
Mahindra & Mahindra shined with 15 per cent progress in total auto gross sales in February 2025 to 83,702 items.
Each Bajaj Auto and Ashok Leyland recorded 2 per cent enhance in whole gross sales in February 2025. Nonetheless, Bajaj Auto’s home gross sales declined 11 per cent, whereas exports rose 2 per cent.
Hero Motorcorp gross sales have been hit by 17 per cent to to three,88,068 items in February 2025. Tata Motors recorded 8 per cent year-on-year (y-o-y) decline to 79,344 items.
Prime picks by brokerages
Maruti Suzuki India emerged because the brokerages’ favorite in PVs house, which bought 1,99,400 items in February, barely up 0.97 per cent. The home brokerage opined that the upcoming new launches would proceed to assist enhance the combo and drive wholesome earnings progress. Motilal Oswal additionally most well-liked Mahindra & Mahindra, given the upcycle in tractors and wholesome progress in utility autos (UVs).
As well as, Emkay World analysts favoured TVS Motor Firm (with 10 per cent gross sales progress y-o-y) and Eicher Motors (19 per cent progress y-o-y) within the two-wheelers phase and Escorts in tractors. TVS and Eicher proceed to realize market share with sturdy product actions and pricing self-discipline, whereas exports revive as macro challenges ease, they added.
The broader market closed in pink on Monday, marginally up from day’s low. Sensex dipped 112 pts to 73,085.94, and Nifty closed flat at 22,119.30.
Amongst auto shares, TVS Motor led with 4.79 per cent enhance to ₹2,332. Eicher Motors closed amongst prime gainers of Nifty 50 constituents, optimistic by 2.94 per cent at ₹4,914. M&M shares settled with 1.04 per cent acquire at ₹2,612, after hitting an intraday excessive of ₹2,695.95.
Escorts Kubota shares ended 2.90 per cent optimistic at ₹2,952.25.
Tata Motors closed flat at ₹621.40. On the shedding facet, Bajaj Auto fell 2.44 per cent to shut at ₹7,710. Shares of Ashok Leyland declined 1.86 per cent to ₹208.98. Hero Motocorp and Maruti Suzuki shares additionally resulted in pink.
