February gross sales knowledge 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 because of weak demand, continued selloff and potential competitors because of Elon Musk-led Tesla’s entry into the market.
Analysts acknowledged a broader slowdown in demand throughout segments, whereas tractor quantity sustained. Passenger automobiles (PVs) and business automobiles (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 general 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. Nevertheless, 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 area, which offered 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 combination and drive wholesome earnings progress. Motilal Oswal additionally most well-liked Mahindra & Mahindra, given the upcycle in tractors and wholesome progress in utility automobiles (UVs).
As well as, Emkay International 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 achieve market share with robust product actions and pricing self-discipline, whereas exports revive as macro challenges ease, they added.
The broader market closed in crimson 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, constructive 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 constructive at ₹2,952.25.
Tata Motors closed flat at ₹621.40. On the dropping 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 crimson.
