Auto stocks such as Mahindra & Mahindra (M&M), Eicher Motors, and TVS Motor may be in focus this week as Jefferies expects strong April wholesale volume growth for these OEMs.
According to the brokerage, April wholesale volumes are estimated to rise between 10% and 16% year-on-year for these three manufacturers. While registration trends so far in the month have shown divergence across vehicle segments, Jefferies remains confident in the retail and wholesale momentum for select players.
Jefferies has named M&M, Eicher Motors (Royal Enfield), and TVS Motor as its preferred picks in the auto original equipment manufacturer (OEM) space, citing their relative market positioning, portfolio resilience, and growth outlook.
The final wholesale numbers for April are expected later this week and may act as a near-term trigger for stock performance in the sector.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors are advised to consult certified financial professionals before making any investment decisions.
