CLSA has highlighted continued strength in premium auto segments, stating that premium brands are flourishing amid evolving demand trends.
According to CLSA, entry SUVs and the 125cc+ motorcycle segment have benefited the most following GST rate cuts. In the two-wheeler segment, TVS Motor Company and Eicher Motors (Royal Enfield) continue to outperform the broader industry.
In passenger vehicles, Mahindra & Mahindra remains a standout performer, driven by new launches and strong execution. CLSA’s top pick in passenger vehicles is M&M, while in two-wheelers it prefers Bajaj Auto.
Disclaimer: The views expressed above are those of CLSA and do not represent the views of Business Upturn. This article is for informational purposes only and does not constitute investment advice.