Indian auto stocks fall as brokerages flag slower near-term sales growth

Mahindra And Mahindra

04/09/2026 08:04

** Auto stocks .NIFTYAUTO down 3.8% so far this week 
** Analysts note auto sales growth may slow down in coming months as autos face higher base from last year sales helped by tax cuts
** Industry experts expect auto sales growth to moderate in the second half of the fiscal year 
** Maruti's weak monthly sales and exports raise concerns over slowing demand of company's vehicles
** Notes Maruti's profit margin performance to be under pressure, pace of exports will determine the performance in near term
** Shares of MRTI MRTI.NS fall 4.6% to 12,769 rupees as weaker monthly numbers add to concerns over demand momentum for India's largest carmaker
** Rivals Mahindra & Mahindra MAHM.NS, Hyundai Motor India HYUN.NS and Tata Motors Passenger Vehicles TAMO.NS reported rise in monthly sales 
** YTD, NIFTYAUTO sub-index down 1.44% 
     
     
     
     
     

 (Reporting by Anushka Rajvedi in Bengaluru)
 ((mailto: anushka.rajvedi@thomsonreuters.com))