Hyundai Motor India Ltd. Share Price

Small hybrids could reshape India's compact car market

Research Analyst: UJVIN NEVATIA (PROPRIETOR: NEVAT INVESTMENTS) | SEBI Registration No.: INH100009628 Maruti Suzuki India Limited (

Auto Stocks Slide on Weak September Sales

Auto stocks came under sharp selling pressure on October 1 after several manufacturers reported September sales that missed expectations. The Nifty Auto index fell more than 3 percent.

Nifty Auto Falls 3.5%: Correction or Bigger Warning?

Nifty Auto fell sharply today, closing at 25,384, down 3.46%. The sell-off was broad-based across two-wheelers, tractors, passenger vehicles and auto ancillaries. The immediate trigger was September sales data. Bajaj Auto's domestic two-wheeler sales fell 12% YoY, while Mahindra & Mahindra's tractor sales declined 21%. Weak rural demand, a patchy monsoon and the delayed start of the festive season added to the concerns. However, the picture is not uniformly weak. Passenger vehicles remained stronger, with Maruti Suzuki reporting 24.4% growth in total September sales and Hyundai Motor India recording its highest-ever monthly sales. The bigger issue for the market is that some headline sales numbers, although positive, were below expectations. Bajaj Auto's total sales grew 5%, supported by a 32% rise in exports, but domestic sales declined 9%. M&M's total auto sales rose 15%, while tractor volumes fell sharply. Technical View The chart looks clearly bearish. Nifty Auto is now trading below its 10, 20, 50, 100 and 200-day moving averages, indicating weakness across multiple time frames. RSI has fallen to around 21.85, putting the index in deeply oversold territory. MACD is also bearish, with negative momentum continuing. The immediate support is 25,000–25,100. A decisive break below 25,000 could open the way towards 24,000–24,300. On the upside, 26,000 is the first important resistance, followed by 26,500. A sustained move above these levels would be required to indicate that selling pressure is easing. My view: Nifty Auto is technically bearish but deeply oversold. A relief bounce is possible, but there is currently no clear reversal confirmation. October festive-season sales will be important in determining whether this weakness remains temporary or develops into a deeper correction. Disclosure: I and my family do not have any position in the shares discussed in this article.

HYUNDAI MOTOR INDIA — THE NEXT LEG CAN COME FROM RECOVERY 🚗

Bajaj Auto reports 5% rise in September sales

Bajaj Auto has reported rise of 5% in total sales (domestic + exports) to 5,38,443 units in September 2026 as against 5,10,504 in the same month last year. The total exports (two-wheelers + commercial vehicles) increased by 32% to 2,43,987 units in September 2026 as compared to 1,85,252 units in September 2025. However, total domestic sales (two-wheelers + commercial vehicles) decreased by 9% to 2,94,456 units in September 2026 as compared to 3,25,252 units in September 2025. Impact: The Nifty Auto Index plunged over 3% as Bajaj Auto’s weak domestic volume update weighed heavily on broader market sentiment. Major players like Mahindra & Mahindra and Hero MotoCorp also suffered losses following their reports, contrasting sharply with Hyundai Motor India's record-high monthly sales numbers. View : On a cumulative basis for the April–September 2026 (H1 FY27) period, Bajaj Auto's long-term operational health remains positive, with total sales up 24% YoY at 29,87,135 units. Disclosure : I do not hold any position in the mentioned stock. Disclaimer : Investment in securities are subject to market risk. This is only for educational purpose.

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