Jefferies prefers two-wheelers, tractors over passenger vehicles, trucks; picks TVS Motor, M&M
In a recent analysis on automobiles and auto parts, global brokerage Jefferies said that, within autos, it prefers 2Ws (two-wheelers) and tractors over passenger vehicles(PVs) and trucks because it thinks the former segments would increase at a faster rate in volume between FY25 and FY27. Their top choices for Indian automobiles continue to be TVS …