June auto sales data: Commercial vehicle turns consensus player; brokerages list stocks to buy

June 2026 auto wholesale sales posted strong double-digit growth across segments, beating brokerages' estimates. Commercial vehicle dispatches from the top three OEMs grew 31.3% year-on-year, led by Tata Motors CV at around 35%, though retail demand remained soft due to geopolitical conditions. Passenger vehicles grew broadly in line with industry, while two-wheelers saw a revival after a tepid May, with Eicher Motors outpacing Hero MotoCorp. Brokerages Motilal Oswal, Emkay Global, and ICICI Securities highlighted renewed investor interest, with top picks including Maruti Suzuki, TVS Motor, M&M, Bajaj Auto, Hyundai Motor, Tata Motors, and several auto ancillaries.