Auto and tyre stocks: Sales are booming, but costs are biting. Motilal Oswal's 13 Buy, Sell and Neutral calls
According to Motilal Oswal Financial Services (MOFSL) in its India Strategy 2QFY27 Preview, vehicle demand among the makers it covers grew 19.1% over last year in the July to September quarter. Two-wheelers rose 19%, passenger vehicles 25% and commercial vehicles 37%. Tractors fell 4%, which MOFSL blames on a high base from last year and a patchy monsoon. MOFSL points to strong retail registrations on the Vahan portal as proof that buying was healthy. Within commercial vehicles, TMCV led with 42% growth, followed by VECV at 31% and Ashok Leyland at 28%. In passenger vehicles, TMPV and Maruti beat the industry, while Hyundai lagged. Demand is strong across most vehicle types
According to Motilal Oswal Financial Services (MOFSL) in its India Strategy 2QFY27 Preview, vehicle demand among the makers it covers grew 19.1% over last year in the July to September quarter. Two-wheelers rose 19%, passenger vehicles 25% and commercial vehicles 37%. Tractors fell 4%, which MOFSL blames on a high base from last year and a patchy monsoon. MOFSL points to strong retail registrations on the Vahan portal as proof that buying was healthy. Within commercial vehicles, TMCV led with 42% growth, followed by VECV at 31% and Ashok Leyland at 28%. In passenger vehicles, TMPV and Maruti beat the industry, while Hyundai lagged. Demand is strong across most vehicle types
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