“Dipan Mehta is bullish on the Auto sector for the long term, despite near-term moderation in passenger vehicle demand, which he attributes to base effects rather than structural issues. He recommends remaining overweight on the sector, with top picks including Mahindra & Mahindra and Eicher Motors for their competitive moats and export potential, and sees a cyclical upswing for commercial vehicle makers like Ashok Leyland and Tata Motors. However, he advises tempering return expectations.”

Dipan Mehta’s track record: 12 graded calls · 95% CI 25–75%