Jefferies says most Indian automakers will post double-digit sales growth in March

Hyundai Motor India

25/03/2026 07:40

** Jefferies says Indian automakers will report 4% to 25% year-on-year growth in wholesale dispatches for March

** "We expect March to be a good month for wholesales with double-digit growth for most (automakers)," brokerage says

** Companies to report monthly wholesale volumes next week

** Last year's tax cuts and a pick-up in wedding-driven demand for two-wheelers and passenger vehicles has been aiding sales

** Among carmakers, Tata Motors Passenger Vehicle TAMO.NS likely to see 25% sales growth, while Maruti Suzuki India MRTI.NS and Mahindra & Mahindra MAHM.NS volumes can rise 14% and 15%, respectively - Jefferies

** TVS Motor TVSM.NS expected to lead growth for two-wheeler makers with 21% growth, while Bajaj Auto BAJA.NS and Hero MotoCorp HROM.NS volumes seen rising 16% and 10%

** Auto stocks .NIFTYAUTO up 2.4% vs Nifty 50's .NSEI 2.1% rise; YTD, auto down 10.8%, Nifty down 7.1%

 (Reporting by Vivek Kumar M)

 ((VivekKumar.M@thomsonreuters.com;))