Archive · 24 Jul 2025
Motilal Oswal: Maruti, M&M Top Picks for Auto Investors
A financial company called Motilal Oswal thinks you should invest in two car companies, Maruti Suzuki and M&M.
The report says that fewer people bought motorcycles and scooters recently, but some companies like TVS Motor and Royal Enfield did well.
While the overall car market was a bit slow, sales of bigger, more useful vehicles (like SUVs) are still growing.
Maruti Suzuki is expected to improve, and M&M is doing well because people want their SUVs and tractors.
Another company, VE Commercial Vehicles, is doing better than others in selling trucks and buses.
Motilal Oswal recommends Maruti Suzuki and Mahindra & Mahindra (M&M) for investment.
Two-wheeler sales declined in Q1FY26, with motorcycles and scooters experiencing drops.
TVS Motor and Royal Enfield showed positive growth in the two-wheeler market.
Passenger vehicle sales decreased by 1% YoY in Q1FY26, but the Utility Vehicle segment grew.
VE Commercial Vehicles outperformed in the commercial vehicle segment.
- Who
- Motilal Oswal
- What
- Motilal Oswal's auto stock recommendations.
- When
- Q1FY26 (April-June)
- Where
- N/A
- Why
- Based on market performance and future prospects in the auto sector.
Market Performers
Market Underperformers
Performance
Market Performers
TVS Motor and Royal Enfield saw positive growth in two-wheeler sales, while Maruti Suzuki saw a 6% decline in passenger vehicles.
Market Underperformers
Hero MotoCorp and Bajaj Auto saw declines in the two-wheeler sector.
- Brokerage Firm
- Motilal Oswal
- Top Picks
- Maruti Suzuki, Mahindra & Mahindra (M&M)
- Two-wheeler Industry Q1FY26 Change
- Decline
- Passenger Vehicle Sales Q1FY26
- Down 1% YoY
- Utility Vehicle Growth
- 4%
- M&M Volume Growth
- 22%