Pending — not yet graded
Bullish on the Indian auto sector, noting strong August demand with two-wheelers, passenger vehicles, and commercial vehicles reporting healthy year-on-year growth of 24-29% in registrations. Domestic wholesales for PVs and trucks increased 36-43% YoY, while 2W and tractor wholesales rose around 10%, indicating robust underlying demand.

Jefferies Analysis’s track record: 3 graded calls · 95% CI 44–100%

Nifty AutoBullishCalled 02 Sep 2026
Verdict:PENDING

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