How Bernstein views India's auto sector

How Bernstein views India's auto sector

Sandeep Singh

Aug 21,2024

Want to add auto stocks to your investment portfolio? 

Here's how Bernstein analysts view India's auto sector. 

How Bernstein views India's auto space

According to the brokerage, PV volumes have grown at a CAGR of 4% from FY19 to FY24 in the country's auto sector, sharply lower than 8-9% in the past. 

How Bernstein views India's auto space

According to the brokerage, PV volumes in the country's auto sector have neither entered a frothy phase nor have reached an absolute peak.

How Bernstein views India's auto space

According to the brokerage, without an entry-level recovery, volumes in the country's auto sector are likely to be in low single digits. 

How Bernstein views India's auto space

According to the brokerage, the volumes may expand to high single-digit levels by FY25 or FY26 as the macroeconomic situation stays healthy. 

Which stock does Bernstein like?

The brokerage continues to prefer Maruti Suzuki India over M&M. 

How Bernstein views Maruti Suzuki India

The auto major stacks up well on the inventory front, according to the brokerage. 

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