Brokerage Report: Jefferies remains positive on Indian auto sector stocks, highlights strong market share trends

Jefferies has maintained a positive outlook on the Indian auto sector, with a preference for two-wheelers (2Ws) and tractors. The brokerage highlighted Mahindra & Mahindra (M&M), Eicher Motors, and TVS Motor as its top picks in the space.

Key market share updates as of 9MFY25 include:

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  • Mahindra’s passenger vehicle (PV) market share reaching new highs, with notable gains in tractors and light commercial vehicles (LCVs).
  • TVS Motor’s domestic 2W market share hitting an 18-year high, showcasing its strong positioning.
  • Mahindra and Hyundai’s PV market share declined to a 12-17 year low.

Jefferies believes these trends support its preference for select stocks in the auto sector, backed by growth potential in segments like 2Ws and tractors.

Disclaimer: This article is for informational purposes only and does not constitute financial advice.