Indian auto stocks rise as Mahindra, Bajaj Auto beat Q4 estimates

Bajaj Auto

08/05/2026 07:42

** Auto stocks .NIFTYAUTO rise 5.6% so far this week after Mahindra & Mahindra MAHM.NS, Bajaj Auto BAJA.NS beat Q4 profit estimates

** Mahindra credits tax cut-led demand, capacity additions for profit beat

** Forecasts mid-to-high teens percentage growth in SUV volumes in FY27

** Brokerages cite strong Q4 execution, firm guidance, SUV demand, improving margins as positives for Mahindra, though higher commodity costs may pressure near-term margins

** Bajaj Auto plans to modify more of its motorcycle models to fit premium 350cc segment to capitalise on tax cuts

** Switch to light rare-earth magnets resolved shortages that had threatened co's EV delivery targets last year, CFO Dinesh Thapar says

** Brokerages highlight Bajaj Auto's premium launches, export growth, diversified portfolio as profit drivers

** Flag commodity inflation, domestic demand moderation as key risks

** YTD, NIFTYAUTO down 3%

 (Reporting by Mridula Kumar in Bengaluru)

 ((Mridula.Kumar@thomsonreuters.com;))