Policy Ke Dam Pe Auto Sector Ki Bahaar
Yeh growth achanak nahi hui, iske peeche kaafi reasons hain. Sabse bada reason hai last year ke end mein government ne jo GST rates kam kiye the. Isse companies ne apne cars aur bikes ki prices thodi kam kar di, aur logon ne mauka dekh kar full buying shuru kar di. Isliye January 2026 mein passenger vehicles ki sales 12.5% badh gayi, matlab 456,000 se bhi zyada gaadiyan bik gayi! Aur yeh koi pehli baar nahi hua, lagatar 4 mahine se double-digit growth chal raha hai. Pichhle mahino mein bhi 17% (October), 19% (November), aur 27% (December) ka growth tha.
Main Reason: Baadh Ya Demand Aur Companies Ka Kamaal
Ab companies ki baat karte hain. Maruti Suzuki ki bookings toh 25% badh gayi, haalanki unki actual sales sirf 0.5% badhi (174,529 units). Company bol rahi hai ki woh inventory manage kar rahe hain. Waise, Maruti ka market cap ab ₹4.5 trillion ke aas-paas hai aur P/E ratio ~35x ke kareeb.
Hyundai Motor India ne toh history mein sabse zyada sales ki hai, 9.5% growth ke saath 59,107 gaadiyan bikayi. Unke MD toh FY27 ke liye domestic PV sales mein 5-6% growth expect kar rahe hain.
Apni desi companies bhi peeche nahi hain. Tata Motors ki sales 46% bhagi hai! Aur M&M bhi 25% upar hai. M&M ke liye toh XUV7XO aur XEV 9S ne toh kamaal hi kar diya, 14 January ko sirf 4 ghante mein ₹20,500 crore ki booking ho gayi! M&M ka market cap lagbhag ₹2.5 trillion aur P/E 22x hai, jabki Tata Motors ka market cap ₹2.1 trillion aur P/E 18x hai.
Toyota Kirloskar Motor ne bhi 17% growth dikhaya hai (30,630 units).
Alag Alag Sectors Ki Taakat Aur Future
Two-wheeler segment bhi full form mein hai. Hero MotoCorp ki sales 26% badhi (520,208 units), TVS Motor 30% up (383,262 units), aur Royal Enfield 16% up (93,781 units). Royal Enfield wali Eicher Motors ka market cap ₹1.0 trillion aur P/E 40x hai.
Commercial vehicle (CV) mein bhi jalwa hai. Tata Motors ki CV sales 29% badhi (38,844 units), aur Eicher ke trucks/buses 24% badhe. Yahan tak ki tractors bhi zooron par hain, Mahindra ne 38,484 tractors beche, jo 46% zyada hain pichhle saal se.
Overall, sab kuch kaafi solid lag raha hai. Indian auto market duniya ke baaki countries ke muqable accha perform kar raha hai. Budget 2026 bhi supportive hai. Lagta hai FY27 mein bhi yeh achha trend chalta rahega.