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CLSA said auto stocks are fairly valued led by a sharp rally in the stock price. "Recovery in volume growth seen in the two-wheeler segment. Affordable Electric 2-W are likely to come as a drag in margins. Expect premium motorcycles to grow faster,” said the note.
Indus Motor Company (IMC) lined-off the 4th generation Toyota Corolla Cross Hybrid Electric Vehicle (HEV) at a...
Development follows intention of PSMC's majority shareholder to buy back nearly 22.15mn shares
Amid a decline in demand and the inability to procure much-needed raw material, various companies in the auto sector...
Domestic brokerage house Motilal Oswal stated that it has shifted focus towards 2Ws amid the initial PV slowdown. Moreover, MHCVs (medium and heavy commercial vehicles) remain stable, it added.