Economic TimesLean R·
Auto stocks: Festive demand gets a low-base boost; can earnings justify valuations?
The Indian automobile market is witnessing robust retail sales as the festive season draws near. A significant year-on-year uptick of 81.8% was recorded in early September 2026, primarily attributed to a previously low base. However, analysts speculate that growth rates might decelerate in the latter half of FY27 due to last year's high benchmarks. Mahindra & Mahindra is anticipated to thrive, bolstered by an extensive product lineup.
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