Mahindra and Mahindra leads India's auto stocks lower ahead of March sales data

Samvardhana Motherson International

28/03/2025 07:10

** India's automobile index .NIFTYAUTO down 0.3% ahead of March sales data next week

** Mahindra & Mahindra MAHM.NS is biggest loser, down 3%; Motilal Oswal Financial Services says tractor sales remained weak in March

** Bajaj Auto BAJA.NS and Maruti Suzuki India MRTI.NS down 0.1% and 0.7%, respectively

** "March 2025 (forecast) retail sales continue to demonstrate weakness, with declines across segments," Nomura says

** Companies set to announce wholesale dispatches data for March on April 1

** Tata Motors TAMO.NS and Samvardhana Motherson International SAMD.NS up 1.7% and 1.5%, respectively; rebound from Thursday's losses on account of U.S. tariffs on auto imports

 (Reporting by Vivek Kumar M)

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