Nomura Auto Picks: M&M and Ather Energy Gain, Hyundai India Slips After Strong June Wholesale Numbers
- July 6, 2026
- Posted by: Kunal Singla
- Category: News
Nomura auto picks: M&M up 1.14% to Rs 3,172.70. Ather Energy up 0.74% to Rs 1,138.40. Hyundai India down 0.35% to Rs 1,986.50. Healthy demand momentum across segments in June.
Shares of Mahindra and Mahindra and Ather Energy traded higher on 6 July 2026 after Nomura reiterated its preference for the companies, part of its list of Nomura auto picks, following healthy June 2026 auto sales trends across the industry. M&M rose 1.14 percent to Rs 3,172.70 on the NSE, while Ather Energy gained 0.74 percent to Rs 1,138.40.
Hyundai Motor India, another of the brokerage’s top picks, traded 0.35 percent lower at Rs 1,986.50, even as Nomura maintained its constructive stance on the stock, noting that healthy demand momentum continued across segments in June.
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June 2026 Auto Sales Backdrop
Indian passenger vehicle manufacturers reported healthy wholesale numbers for June 2026, with most brands registering year on year growth. Maruti Suzuki reported total sales of 2,00,390 units, with its domestic passenger vehicle segment up 23.7 percent year on year. Kia India posted its highest ever June wholesale performance with 24,552 units, up 19 percent, while MG Motor India also recorded its highest ever June sales, dispatching 7,568 units, up 30 percent year on year.
Nomura Auto Picks: M&M, Hyundai India, Ather Energy in Detail
Mahindra and Mahindra rose 1.14 percent to Rs 3,172.70, one of Nomura’s consistent top picks in the utility vehicle and tractor segments. The brokerage has previously carried a Buy rating on M&M, citing the company’s ability to outperform industry growth in both passenger vehicles and its core tractor franchise.
Hyundai Motor India traded 0.35 percent lower at Rs 1,986.50 despite being among Nomura’s preferred names, with the brokerage historically flagging Hyundai’s strong new model demand and robust export momentum as key drivers of its investment case.
Ather Energy gained 0.74 percent to Rs 1,138.40, reflecting continued brokerage confidence in the electric two wheeler maker as EV registrations continue to gain share of overall industry volumes, with Nomura counting Ather among its preferred plays in the two wheeler and EV space alongside TVS Motor.
Nomura Auto Picks: Price Snapshot
The table below summarises the price action across Nomura’s key auto picks on 6 July 2026.
| Company | CMP | Change |
|---|---|---|
| Mahindra and Mahindra | Rs 3,172.70 | +1.14% |
| Ather Energy | Rs 1,138.40 | +0.74% |
| Hyundai Motor India | Rs 1,986.50 | -0.35% |
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Why Nomura Remains Constructive on These Auto Picks
Nomura’s continued preference for M&M, Hyundai India and Ather Energy reflects the brokerage’s broader thesis that demand momentum across passenger vehicles, utility vehicles and electric two wheelers remains healthy heading into the second half of the fiscal year. Electric two wheeler registrations have been gaining share of overall industry volumes, a trend the brokerage has flagged as a structural tailwind for players like Ather Energy and TVS Motor.
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What This Means for Auto Sector Investors
The mixed intraday performance among these Nomura auto picks, with M&M and Ather Energy gaining while Hyundai India slipped marginally, suggests stock specific factors are influencing near term price action even within a common brokerage thesis. Investors tracking Nomura auto picks should watch monthly wholesale and retail sales data alongside brokerage commentary, since these data points remain the most immediate confirming or disconfirming signal for the demand momentum narrative.
Conclusion
M&M and Ather Energy gained on 6 July 2026 as Nomura reiterated its top auto picks following strong June 2026 wholesale numbers, while Hyundai India traded marginally lower despite also being a preferred name. Track the industry’s monthly sales trends for further confirmation on these Nomura auto picks and consult a SEBI registered advisor before making any investment decision.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions on Nomura Auto Picks
What are Nomura’s top auto picks after June 2026 sales?
Ans. Nomura’s top auto picks after strong June 2026 sales include Mahindra and Mahindra, Hyundai Motor India and Ather Energy, with the brokerage citing healthy demand momentum continuing across segments.
How did M&M and Ather Energy perform on 6 July 2026?
Ans. M&M rose 1.14 percent to Rs 3,172.70 and Ather Energy gained 0.74 percent to Rs 1,138.40 on the NSE on 6 July 2026, following Nomura’s reiterated preference for the stocks.
Why did Hyundai India shares trade lower despite being a Nomura pick?
Ans. Hyundai Motor India traded 0.35 percent lower at Rs 1,986.50 despite being among Nomura’s top auto picks, reflecting stock specific near term factors even within a broadly positive sector thesis.
How did Indian passenger vehicle makers perform in June 2026?
Ans. Indian passenger vehicle manufacturers reported healthy June 2026 wholesale numbers, with Maruti Suzuki’s domestic PV segment up 23.7 percent YoY, Kia India posting its highest-ever June sales up 19 percent, and MG Motor India also recording its highest-ever June sales, up 30 percent.
Why does Nomura like Ather Energy?
Ans. Nomura counts Ather Energy among its preferred plays in the two wheeler and EV space, citing continued gains in electric two wheeler registrations as a share of overall industry volumes.
Should investors buy these Nomura auto picks?
Ans. This article does not constitute investment advice. Brokerage picks reflect the views of the respective research house. Review each company’s fundamentals and consult a SEBI registered financial advisor before making any investment decision.
