Abstract: A transmission shift indicator for a floor-mounted transmission shift lever has a pointer to indicate the drive position selected by the operator. The indicator mechanism including the pointer is self-adjusting through a ratcheting detent mechanism connected between the indicator and the manual shift lever. The indicator contacts a stop member at the extreme limits permitted fortransmission ratio selection such as low (L) or Park (P). The manual transmission lever, as permitted by the ratchet detent mechanism, can continue movement after stoppage of the indicator until the transmission is actually positioned at the desired setting so that the indicator and the actual setting are in agreement. The relative positioning thus achieved is maintained by the ratchet detent mechanism.