Auto Q4 earnings preview: Trump tariff, global headwinds 2 key worries ahead of results

Auto sector expected to see downgrades due to global and domestic demand weakness. Kotak Institutional Equities forecasts a 5% increase in revenues for auto stocks in Q4FY25, led by low-to-mid single-digit growth in 2W/PV/CV segments and higher ASPs in the PV segment. Nomura predicts modest volume growth and slow consumption demand in 2025.