February gross sales knowledge boosted shares of TVS Motors, 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 business autos (CVs) had 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 development in total auto gross sales in February 2025 to 83,702 models.
Each Bajaj Auto and Ashok Leyland recorded 2 per cent enhance in complete 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 had been hit by 17 per cent to to three,88,068 models in February 2025. Tata Motors recorded 8 per cent year-on-year (y-o-y) decline to 79,344 models.
Prime picks by brokerages
Maruti Suzuki India emerged because the brokerages’ favorite in PVs house, which offered 1,99,400 models 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 development. Motilal Oswal additionally most well-liked Mahindra & Mahindra, given the upcycle in tractors and wholesome development in utility autos (UVs).
As well as, Emkay World analysts favoured TVS Motors (with 10 per cent gross sales development y-o-y) and Eicher Motors (19 per cent development y-o-y) within the two-wheelers section and Escorts in tractors. TVS and Eicher proceed to achieve 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 high gainers of Nifty 50 constituents, optimistic by 2.94 per cent at ₹4,914. M&M shares settled with 1.04 per cent achieve 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 dropping aspect, 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.
