NDIA’S export growth shall remain positive for most OEMs despite a hit on Middle East exports and container availability issues, as per a report by Nuvama Institutional Equities.
The wholesale uptrend is expected to continue in March despite production constraints. This momentum is largely driven by enduring positive customer sentiments spurred by “better affordability, new products and adequate finance availability”.
The two-wheeler industry is expected to witness domestic volumes growing in double digits.
Meanwhile, Hero MotoCorp is anticipated to grow by nine per cent to 600,000 units and Eicher-RE to see an eight per cent rise to 109,000 units. In the passenger vehicle segment, volumes are likely to rise in double digits during March 2026.
The report estimated total volume growth to be 22 per cent for Tata Motors PV to 63,800 units and 18 per cent for Mahindra & Mahindra Auto to 99,000 units. Maruti Suzuki is expected to expand by 11 per cent to 215,000 units, while Hyundai may see a marginal 1 per cent increase to 68,000 units.
ANI
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