Festive Auto Sales Surge on GST Cut

  Published 9 months ago

Festive auto sales expected to rise as GST cuts boost sentiment and affordability across segments.

  • Nuvama raises OEM revenue forecasts up to 5%, highlighting an entry‑level vehicle demand surge for consumers.
  • Top picks include Maruti, TVS, and Mahindra, while Eicher and Bajaj downgrade to hold due to limits.
  • Auto index up 0.5%; stocks like Maruti and Mahindra gain 0.1‑2.5% today amid positive sentiment.

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