
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:
- 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.