GST Cuts Spark Auto Rally in India

  Published 9 months ago

Nomura expects India's auto demand to rise 5‑10% yearly, driven by sweeping GST cuts soon.

  • Auto index targets 5% weekly gain as price cuts boost OEM demand during the festive season.
  • Mahindra, Ashok Leyland, and Maruti Suzuki show strong upside; TVS Motors favored for two-wheelers in 2025.
  • Year‑to‑date NIFTYAUTO up 11%, outpacing Nifty 50’s 5.4% rise, confirming bullish trend for investors now.

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