🚗 Auto Stocks in Focus as February Sales Data Rolls In!

Maruti Suzuki posted a modest rise in passenger vehicle sales, while Hyundai and Tata Motors saw declines. Meanwhile, Mahindra’s utility vehicle segment continued to grow.

🔻 Auto Stocks Under Pressure
The sector has faced a sharp selloff due to foreign capital outflows, a weakening currency, and economic slowdown concerns. The Nifty Auto index plunged nearly 11% in February, underperforming the Nifty 50’s 6% decline.

📉 Major Stock Declines Over the Last Month:
🔸 Hero MotoCorp, M&M, Bajaj Auto, TVS Motor, Tata Motors, and Eicher Motors have dropped 11-16%.
🔸 The Nifty Auto index is down 26% from its peak of 27,696, while the Nifty 50 has fallen 16% from its high.

📅 What to Watch on Monday, March 3
Investors will react to February sales numbers from top auto players, including Maruti Suzuki, Mahindra & Mahindra, Tata Motors, and Bajaj Auto. With market sentiment already weak, these updates could set the tone for the sector’s next move.

🔔 Will auto stocks bounce back, or is more downside ahead? Stay tuned! 🚀