🚗 MAHINDRA & MAHINDRA – OCTOBER 2026 SALES UPDATE
Automotive Business
• Total Sales: 1,31,109 units, up 9% YoY (including exports).
• SUV Domestic Sales: 73,338 units, up 2% (Highest-ever).
• Utility Vehicles Overall Sales: 74,904 units.
• Commercial Vehicles Domestic Sales: 33,037 units, up 4%.
• Exports: 7,102 units, up 77%.
Trucks & Buses Business (MTBD + SML)
• Total Sales: 2,838 units, up 40% YoY.
• Cargo Vehicles: 2,036 units, up 62%.
• Passenger Vehicles: 802 units, up 3%.
April–October FY27:
• Total Sales: 20,643 units, up 24%.
• Cargo Vehicles: 10,535 units, up 29%.
• Passenger Vehicles: 10,108 units, up 19%.
Farm Equipment Business
• Domestic Tractor Sales: 62,626 units, down 13%.
• Exports: 2,220 units, up 40%.
• Total Tractor Sales: 64,846 units, down 12%.
April–October FY27 (YTD)
• Passenger Vehicles: 4,31,480 units, up 17%.
• LCV below 2T: 26,278 units, up 23%.
• LCV 2T–3.5T: 1,63,380 units, up 16%.
• 3-Wheelers: 99,690 units, up 50%.
• Automotive Exports: 37,133 units, up 53%.
• Farm Equipment Total Sales: 3,38,914 units, up 2%.
Automotive Business
• Total Sales: 1,31,109 units, up 9% YoY (including exports).
• SUV Domestic Sales: 73,338 units, up 2% (Highest-ever).
• Utility Vehicles Overall Sales: 74,904 units.
• Commercial Vehicles Domestic Sales: 33,037 units, up 4%.
• Exports: 7,102 units, up 77%.
Trucks & Buses Business (MTBD + SML)
• Total Sales: 2,838 units, up 40% YoY.
• Cargo Vehicles: 2,036 units, up 62%.
• Passenger Vehicles: 802 units, up 3%.
April–October FY27:
• Total Sales: 20,643 units, up 24%.
• Cargo Vehicles: 10,535 units, up 29%.
• Passenger Vehicles: 10,108 units, up 19%.
Farm Equipment Business
• Domestic Tractor Sales: 62,626 units, down 13%.
• Exports: 2,220 units, up 40%.
• Total Tractor Sales: 64,846 units, down 12%.
April–October FY27 (YTD)
• Passenger Vehicles: 4,31,480 units, up 17%.
• LCV below 2T: 26,278 units, up 23%.
• LCV 2T–3.5T: 1,63,380 units, up 16%.
• 3-Wheelers: 99,690 units, up 50%.
• Automotive Exports: 37,133 units, up 53%.
• Farm Equipment Total Sales: 3,38,914 units, up 2%.
Hyundai Motor India Ltd – HIGHEST-EVER TOTAL MONTHLY SALES
October 2026 monthly sales performance:
- Total sales: 82,299 units (17.7% YoY growth)
- Domestic sales: 62,799 units (16.7% YoY growth)
- Exports: 19,500 units (21.1% YoY growth)
- Hyundai VENUE domestic sales: 13,017 units (highest-ever monthly)
October 2026 monthly sales performance:
- Total sales: 82,299 units (17.7% YoY growth)
- Domestic sales: 62,799 units (16.7% YoY growth)
- Exports: 19,500 units (21.1% YoY growth)
- Hyundai VENUE domestic sales: 13,017 units (highest-ever monthly)
TILAKNAGAR INDUSTRIES – Q2 FY27 CONCALL
• Maintains FY27 volume growth guidance of high single-digit to low double-digit.
• Targets EBITDA margin of 16–18% by FY29.
• Aims to bring Net Debt/EBITDA below 1x by FY29.
• Imperial Blue expansion and premiumization to drive future growth.
• Maintains FY27 volume growth guidance of high single-digit to low double-digit.
• Targets EBITDA margin of 16–18% by FY29.
• Aims to bring Net Debt/EBITDA below 1x by FY29.
• Imperial Blue expansion and premiumization to drive future growth.
🚚 SML MAHINDRA – OCTOBER 2026 SALES UPDATE
• Total Sales: 1,065 units, up 1% YoY.
• Cargo Vehicles: 532 units, up 5% YoY.
• Passenger Vehicles: 533 units, down 3% YoY.
April–October 2026-27:
• Total Sales: 10,405 units, up 13% YoY.
• Cargo Vehicles: 3,066 units, up 5% YoY.
• Passenger Vehicles: 7,339 units, up 17% YoY.
• Total Sales: 1,065 units, up 1% YoY.
• Cargo Vehicles: 532 units, up 5% YoY.
• Passenger Vehicles: 533 units, down 3% YoY.
April–October 2026-27:
• Total Sales: 10,405 units, up 13% YoY.
• Cargo Vehicles: 3,066 units, up 5% YoY.
• Passenger Vehicles: 7,339 units, up 17% YoY.
Maruti Suzuki India Ltd – OCTOBER 2026 SALES REPORT
October 2026 monthly sales performance:
- Total sales reached 276,120 units, the highest-ever monthly volume
- Domestic sales reached an all-time high of 216,789 units
- Exports recorded 49,872 units
- Sales to other OEMs were 9,459 units
- Passenger Cars (Mini, Compact, Mid-Size): 100,877 units
- Utility Vehicles: 97,787 units
October 2026 monthly sales performance:
- Total sales reached 276,120 units, the highest-ever monthly volume
- Domestic sales reached an all-time high of 216,789 units
- Exports recorded 49,872 units
- Sales to other OEMs were 9,459 units
- Passenger Cars (Mini, Compact, Mid-Size): 100,877 units
- Utility Vehicles: 97,787 units
Waaree Renewable Technologies Ltd – O&M AGREEMENT SIGNED
Company signs Operation and Maintenance agreement for solar power project:
- Signed five years of Operation and Maintenance (O&M) agreement
- Project capacity of 360 MWp Solar Power Project
- Awarded by a leading domestic Independent Power Producer (IPP)
- Letter of Award received on October 31, 2026
Company signs Operation and Maintenance agreement for solar power project:
- Signed five years of Operation and Maintenance (O&M) agreement
- Project capacity of 360 MWp Solar Power Project
- Awarded by a leading domestic Independent Power Producer (IPP)
- Letter of Award received on October 31, 2026
VST Tillers Tractors Ltd-$ – MONTHLY SALES UPDATE
Sales quantity for the period ended October 2026:
- Power Tiller: October-26 Sales 3,114 | YTD Sales 27,240
- Tractor: October-26 Sales 405 | YTD Sales 587
- Total Sales: October-26 3,519 | YTD 32,069
- Power Tiller YTD (Oct-25): 28,906 units
- Tractor YTD (Oct-25): 3,163 units
Sales quantity for the period ended October 2026:
- Power Tiller: October-26 Sales 3,114 | YTD Sales 27,240
- Tractor: October-26 Sales 405 | YTD Sales 587
- Total Sales: October-26 3,519 | YTD 32,069
- Power Tiller YTD (Oct-25): 28,906 units
- Tractor YTD (Oct-25): 3,163 units
🚛 FORCE MOTORS – OCTOBER 2026 SALES UPDATE
• Domestic Sales: 4,011 units, up 48% YoY.
• Export Sales: 93 units, down 25.6% YoY.
• Total Sales (Domestic + Exports): 4,104 units, up 44.76% YoY.
Strong growth in domestic sales drives 45% overall YoY sales growth.
• Domestic Sales: 4,011 units, up 48% YoY.
• Export Sales: 93 units, down 25.6% YoY.
• Total Sales (Domestic + Exports): 4,104 units, up 44.76% YoY.
Strong growth in domestic sales drives 45% overall YoY sales growth.
Tata Motors Ltd – OCTOBER 2026 COMMERCIAL VEHICLE SALES
Monthly sales for October 2026:
- Total CV sales: 47,652 units (up 27% YoY)
- Total Domestic CV sales: 39,784 units (up 13% YoY)
- International Business sales: 7,868 units (up 225% YoY)
- HCV Trucks: 12,030 units (up 12% YoY)
- ILMCV Trucks: 7,213 units (up 17% YoY)
- Passenger Carriers: 3,826 units (up 20% YoY)
Monthly sales for October 2026:
- Total CV sales: 47,652 units (up 27% YoY)
- Total Domestic CV sales: 39,784 units (up 13% YoY)
- International Business sales: 7,868 units (up 225% YoY)
- HCV Trucks: 12,030 units (up 12% YoY)
- ILMCV Trucks: 7,213 units (up 17% YoY)
- Passenger Carriers: 3,826 units (up 20% YoY)
🚗 TATA MOTORS PASSENGER VEHICLES – OCTOBER 2026 SALES
• Total Sales: 75,426 units, up 23% YoY.
• Domestic Sales: 73,894 units, up 21% YoY.
• International Business: 1,532 units, up 852% YoY.
• EV Sales (Domestic + International): 16,244 units, up 75% YoY.
Strong 23% YoY growth in total sales, with EV sales rising 75%.
• Total Sales: 75,426 units, up 23% YoY.
• Domestic Sales: 73,894 units, up 21% YoY.
• International Business: 1,532 units, up 852% YoY.
• EV Sales (Domestic + International): 16,244 units, up 75% YoY.
Strong 23% YoY growth in total sales, with EV sales rising 75%.
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Bharat Coking Coal Ltd – PROVISIONAL MONTHLY PRODUCTION PERFORMANCE
Provisional monthly production performance for October 2026:
- Raw Coal Production: 2.86 Million Tonnes (7.1% growth YoY)
- Coking Coal Production: 2.82 Million Tonnes (9.8% growth YoY)
- Non Coking Coal Production: 0.05 Million Tonnes (-57.7% growth YoY)
- Underground Mines Production: 0.02 Million Tonnes (-75.6% growth YoY)
- Opencast Mines Production: 2.84 Million Tonnes (9.6% growth YoY)
- Washed Coking Coal Production: 0.12 Million Tonnes (16.1% growth YoY)
Provisional monthly production performance for October 2026:
- Raw Coal Production: 2.86 Million Tonnes (7.1% growth YoY)
- Coking Coal Production: 2.82 Million Tonnes (9.8% growth YoY)
- Non Coking Coal Production: 0.05 Million Tonnes (-57.7% growth YoY)
- Underground Mines Production: 0.02 Million Tonnes (-75.6% growth YoY)
- Opencast Mines Production: 2.84 Million Tonnes (9.6% growth YoY)
- Washed Coking Coal Production: 0.12 Million Tonnes (16.1% growth YoY)
JAY JALARAM TECHNOLOGIES H1 FY27 (CONSOLIDATED)
• Net Profit: ₹9.34 Cr ↑80.42% (YoY) | ↑82.83% (HoH)
• Revenue: ₹655.81 Cr ↑83.71% (YoY) | ↑32.53% (HoH)
• EBITDA: ₹16.08 Cr ↑154.27% (YoY) | ↑77.97% (HoH)
• EBITDA Margin: 2.45% vs 1.77% (YoY) | 1.83% (HoH)
• Net Profit: ₹9.34 Cr ↑80.42% (YoY) | ↑82.83% (HoH)
• Revenue: ₹655.81 Cr ↑83.71% (YoY) | ↑32.53% (HoH)
• EBITDA: ₹16.08 Cr ↑154.27% (YoY) | ↑77.97% (HoH)
• EBITDA Margin: 2.45% vs 1.77% (YoY) | 1.83% (HoH)
🚛 EICHER MOTORS (VECV) – OCTOBER 2026 SALES UPDATE
• Total VECV Sales: 10,861 units, up 34.9% YoY.
• Eicher Trucks & Buses: 10,587 units, up 36.2%.
• Domestic Sales: 9,676 units, up 36.9%.
• Exports: 911 units, up 30%.
• Volvo Trucks & Buses: 274 units, down 1.8%.
April–October FY27:
• Total VECV Sales: 63,746 units, up 23.6%.
• Eicher Trucks & Buses: 62,157 units, up 23.9%.
• Domestic Sales: 58,081 units, up 25.7%.
• Exports: 4,076 units, up 2.9%.
• Volvo Trucks & Buses: 1,589 units, up 13.4%.
• Total VECV Sales: 10,861 units, up 34.9% YoY.
• Eicher Trucks & Buses: 10,587 units, up 36.2%.
• Domestic Sales: 9,676 units, up 36.9%.
• Exports: 911 units, up 30%.
• Volvo Trucks & Buses: 274 units, down 1.8%.
April–October FY27:
• Total VECV Sales: 63,746 units, up 23.6%.
• Eicher Trucks & Buses: 62,157 units, up 23.9%.
• Domestic Sales: 58,081 units, up 25.7%.
• Exports: 4,076 units, up 2.9%.
• Volvo Trucks & Buses: 1,589 units, up 13.4%.
GAIL INDIA Q2 FY27:
FY27 GAS MARKETING PBT GUIDANCE ₹9,000–9,500 CR; ₹12,900 CR CAPEX PLANNED, GAIL GAS IPO TARGETED IN FY28
FY27 GAS MARKETING PBT GUIDANCE ₹9,000–9,500 CR; ₹12,900 CR CAPEX PLANNED, GAIL GAS IPO TARGETED IN FY28
POWER GRID CORPORATION Q2 FY27 (CONSOLIDATED)
• Net Profit: ₹3,866.16 Cr ↑8.41% (YoY) | ↑7.44% (QoQ)
• Revenue: ₹11,816.22 Cr ↑2.97% (YoY) | ↑2.78% (QoQ)
• EBITDA: ₹9,720.00 Cr ↑6.65% (YoY) | ↑1.92% (QoQ)
• EBITDA Margin: 82.26% vs 79.42% (YoY) | 82.95% (QoQ)
• Net Profit: ₹3,866.16 Cr ↑8.41% (YoY) | ↑7.44% (QoQ)
• Revenue: ₹11,816.22 Cr ↑2.97% (YoY) | ↑2.78% (QoQ)
• EBITDA: ₹9,720.00 Cr ↑6.65% (YoY) | ↑1.92% (QoQ)
• EBITDA Margin: 82.26% vs 79.42% (YoY) | 82.95% (QoQ)
RUSSIA’S EMERGENCIES MINISTRY MOBILE APP HAS BEEN HIT BY A MASSIVE CYBERATTACK THAT RESULTED IN THE SPREAD OF FAKE INFORMATION, RUSSIAN NEWSWIRES QUOTE THE MINISTRY AS SAYING
Earnings Watchlist
POSITIVE
Muthoot Finance- FY27-Gold loan growth guidance upgraded
Ramkrishna Forgings, Spandana Sphoorthy, Ganesha Eco -Turnaround quarter
Delhivery-Strong beat on margins
IOCL-Better refining performance
Reliance-Earning beat from O2C business
Syrma SGS-Earnings beat on all fronts
Bank of Baroda-Raises credit growth and deposit guidance
PB Fintech-Core insurance growth remains strong
Nitin Spinners-Margins jump 470bps YoY
Zen Tech-Revenue up 2x YoY
Pace Digiteak-Beat across all parameters
NEGATIVE
Indigo Paints-Margins impacted by higher RM costs
IGL-Higher gas sourcing costs impacts numbers
POSITIVE
Muthoot Finance- FY27-Gold loan growth guidance upgraded
Ramkrishna Forgings, Spandana Sphoorthy, Ganesha Eco -Turnaround quarter
Delhivery-Strong beat on margins
IOCL-Better refining performance
Reliance-Earning beat from O2C business
Syrma SGS-Earnings beat on all fronts
Bank of Baroda-Raises credit growth and deposit guidance
PB Fintech-Core insurance growth remains strong
Nitin Spinners-Margins jump 470bps YoY
Zen Tech-Revenue up 2x YoY
Pace Digiteak-Beat across all parameters
NEGATIVE
Indigo Paints-Margins impacted by higher RM costs
IGL-Higher gas sourcing costs impacts numbers
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STOCKS WATCHLIST
🟢 POSITIVE
• InterGlobe Aviation – Govt notifies airfare rules under Bharatiya Vayuyan Niyam, 2026.
• TVS Motors, Eicher Motors, Maruti Suzuki – Strong October auto sales.
• Waaree Energies – US arm starts commercial operations.
• Jindal Steel – Promoter group buys 3.5 lakh shares.
• Oriental Aromatics – Pact with Unilever Industries.
• Rallis India – ₹408 Cr tax demand dropped.
• Alembic Pharma – Receives USFDA approval for blood cancer drug.
• NCC – Secures ₹1,862 Cr orders in October.
🔴 NEGATIVE
• M&M, Tata Motors CV, Escorts Kubota – Weaker-than-expected October sales.
• United Spirits – Maharashtra tax authorities conduct search.
• Yes Bank – Receives Axis Trustee notice on AT-1 bonds.
• Granules India – Receives 11 Form 483 observations from USFDA at Hyderabad plant.
🟢 POSITIVE
• InterGlobe Aviation – Govt notifies airfare rules under Bharatiya Vayuyan Niyam, 2026.
• TVS Motors, Eicher Motors, Maruti Suzuki – Strong October auto sales.
• Waaree Energies – US arm starts commercial operations.
• Jindal Steel – Promoter group buys 3.5 lakh shares.
• Oriental Aromatics – Pact with Unilever Industries.
• Rallis India – ₹408 Cr tax demand dropped.
• Alembic Pharma – Receives USFDA approval for blood cancer drug.
• NCC – Secures ₹1,862 Cr orders in October.
🔴 NEGATIVE
• M&M, Tata Motors CV, Escorts Kubota – Weaker-than-expected October sales.
• United Spirits – Maharashtra tax authorities conduct search.
• Yes Bank – Receives Axis Trustee notice on AT-1 bonds.
• Granules India – Receives 11 Form 483 observations from USFDA at Hyderabad plant.
WHICH SECTORS TO WATCH?
IT SECTOR • IT stocks showing strong technical support.
Q2 RESULTS – POSITIVE • Delhivery • Engineers India • Syrma SGS • Ramkrishna Forgings • GE Vernova T&D • Spandana Sphoorthy • NTPC Green • PB Fintech • IOL Chemicals • Pranav Constructions • LCC Projects • Aarti Industries • Updater Services • Muthoot Finance • Zen Technologies • Nitin Spinners • Ganesha Ecosphere • Quality Power • Pace Digitek
Q2 RESULTS – WEAK • Crizac • Responsive Industries • Ganesh Housing • Indigo Paints • Sagar Cements • IGL • Finolex Industries • WPIL • Studds Accessories
AVIATION • InterGlobe Aviation – Govt notifies airfare rules under Bharatiya Vayuyan Niyam, 2026.
AUTO – STRONG SALES • TVS Motors • Eicher Motors • Maruti Suzuki • Coal India
AUTO – WEAK SALES • M&M • Tata Motors CV • Escorts Kubota
IT SECTOR • IT stocks showing strong technical support.
Q2 RESULTS – POSITIVE • Delhivery • Engineers India • Syrma SGS • Ramkrishna Forgings • GE Vernova T&D • Spandana Sphoorthy • NTPC Green • PB Fintech • IOL Chemicals • Pranav Constructions • LCC Projects • Aarti Industries • Updater Services • Muthoot Finance • Zen Technologies • Nitin Spinners • Ganesha Ecosphere • Quality Power • Pace Digitek
Q2 RESULTS – WEAK • Crizac • Responsive Industries • Ganesh Housing • Indigo Paints • Sagar Cements • IGL • Finolex Industries • WPIL • Studds Accessories
AVIATION • InterGlobe Aviation – Govt notifies airfare rules under Bharatiya Vayuyan Niyam, 2026.
AUTO – STRONG SALES • TVS Motors • Eicher Motors • Maruti Suzuki • Coal India
AUTO – WEAK SALES • M&M • Tata Motors CV • Escorts Kubota
Opening Cues
Oils Falls On Mideast Diplomatic Push
Nikkei Slips On Tech Pressure
Weak China Manufacturing Data
Binance Restores Customer Withdrawals (After Hack)
OPEC+ To Maintain Oil Output For 3rd Month
Asian Markets Open Mixed
Oct GST Collection At 4-Year High
FII Shorts Unchanged At 89%
FIIs Buyers In Cash Market After 1 Session
Oils Falls On Mideast Diplomatic Push
Nikkei Slips On Tech Pressure
Weak China Manufacturing Data
Binance Restores Customer Withdrawals (After Hack)
OPEC+ To Maintain Oil Output For 3rd Month
Asian Markets Open Mixed
Oct GST Collection At 4-Year High
FII Shorts Unchanged At 89%
FIIs Buyers In Cash Market After 1 Session
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