“Bullish on the auto sector for the coming quarters, anticipating renewed investor interest due to sustained demand momentum and cooling input cost pressures. August retail demand was strong across segments, except tractors, leading to healthy double-digit wholesale growth in PVs, CVs, and two-wheelers. Tata Motors PV, M&M, and Bajaj Auto outperformed peers. Maruti Suzuki and TVS are also preferred.”

Motilal Oswal Analysis’s track record: 6 graded calls · 95% CI 19–81%