Auto Sector: Festive demand to drive two-wheeler, PV sales growth, says Nuvama; M&M, TVS Motor among top picks
Nuvama Institutional Equities reported strong festive demand expectations for two-wheelers and commercial vehicles, favoring mass-market OEMs like Escorts Kubota and Mahindra & Mahindra. Anticipated growth in 2W demand is over 15%, while PV growth remains modest, supported by rural demand.
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