Auto Sector Wholesale Volumes Grow Strongly in Q2 FY27
What happened
Elara Capital reported strong wholesale volume growth across the automobile sector for Q2 FY27. Passenger vehicle volumes grew around 30% year-on-year, two-wheeler volumes grew 19%, and commercial vehicle volumes grew 31%. Tractors showed relatively weak growth during the period.
From businesstoday.in
Why it matters
The robust growth in wholesale volumes indicates strong demand across various segments of the automobile industry. Elara Capital identified Eicher Motors, Mahindra & Mahindra, and Maruti Suzuki as top picks within the automotive sector.
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Who's involved
- Eicher MotorsIndian automaker company whose performance is tracked in the auto sector
- Mahindra & MahindraIndian multinational automobile manufacturer whose performance is tracked in the auto sector
- Maruti SuzukiJapanese-Indian automobile manufacturer identified as a top pick in the sector
- Mahindra GroupIndian multinational conglomerate corporation that owns Mahindra & Mahindra
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Mahindra & MahindraSpeculative
Could see increased revenue due to strong wholesale volume growth in the auto sector
- Maruti SuzukiSpeculative
Might benefit from increased sales driven by growth in the passenger vehicle segment
- Ashok LeylandSpeculative
May experience increased demand for products due to 31% growth in the commercial vehicle segment
- Bajaj AutoSpeculative
Could see increased sales driven by the 19% growth in the two-wheeler segment
- Hero MotoCorpSpeculative
Could see increased sales driven by the 19% growth in the two-wheeler segment
Keep exploring
The entities involved
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Eicher Motors
Indian automaker company rq
- Auto companies including TVS Motor, Bajaj Auto, Eicher Motors, and Exide Industries are benefiting from a sector-wide rally amid geopolitical tensions and rising oil costs linked to the Middle East conflict.
- Eicher Motors, Bajaj Auto, and TVS Motor Company are expected to see significant PBT rises based on recent forecasts.
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Mahindra & Mahindra
Indian multinational automobile manufacturer