Nomura reiterates 'Buy' on M&M, Hyundai India, Ather ahead of strong June auto sales
Nomura expects robust June auto sales in India, reiterating 'Buy' ratings on Mahindra & Mahindra, Hyundai Motor India, and Ather Energy, pointing to positive momentum across the mobility retail segment.
Nomura expects strong June auto sales in India and reiterates 'Buy' ratings on Mahindra & Mahindra, Hyundai Motor India, and Ather Energy, signaling positive momentum for mobility retail.
Why this matters
The 'Buy' call follows M&M's 37% YoY June sales surge and broad SUV-led growth across Mahindra and Maruti, though Mahindra also plans July price hikes as input costs stay elevated.
retail-brand steady with 2,373 signals over the last 90 days.