Trendlyne data shows that the Sensex closed the month of May down 521.47, or 0.70%, while the Nifty 50 concluded the month down 74.15, or 0.33%. Also Read: Sensex, Nifty 50 break 3-month gains to end May in red; 5 major triggers to watch out for in June The S&P […]
Auto ancillary stocks
Additionally, the growing preference for personal transport has led to a strong uptick in vehicle sales. The ongoing urbanisation and recovery in the rural segment have further contributed to the growth prospects of the 2W and 4W segments. As vehicle sales grow, the need for components and spare parts also […]
The rebound in the automotive sector was propelled by several factors, including a boost in economic growth and higher personal incomes, which drove up demand for commercial vehicles (CVs). Furthermore, there was a significant transition from public to private transportation and a growing preference for premiumisation, leading to an increased […]
However, domestic brokerage firm Motilal Oswal anticipates that the auto industry will likely take a breather in FY25, following the strong demand seen over the past two years. The firm expects two-wheelers, passenger vehicles, and commercial vehicles to post a CAGR of 9%, 6%, and 6%, respectively, from FY24 to […]