Two-wheeler stocks, led by Bajaj Auto and TVS Motor Company, have been among the top performers in the automotive (auto) space over the past year. On Friday, Bajaj Auto gained nearly 5 per cent, while TVS Motor rose by 2.25 per cent.
Both stocks have more than doubled, with Bajaj Auto leading the charge with a 123 per cent gain.
Hero MotoCorp has also performed well, posting an 83 per cent return, while Eicher Motors has lagged behind, with gains of 43 per cent.
The recent uptrend in these stocks has been driven by market share gains in electric vehicles (EVs), product launches, premiumisation trends, and strong domestic demand. However, looking ahead, the sector's growth momentum is expected to be sustained by a rural revival, further premiumisation, and continued launches.
The two-wheeler segment is the only category in the auto sector expected to grow in double digits in 2024-25 (FY25). The growth momentum in both retail and wholesales remained strong in July, with the segment registering a 13-15 per cent uptick.
Bu hikaye Business Standard dergisinin August 26, 2024 sayısından alınmıştır.
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Bu hikaye Business Standard dergisinin August 26, 2024 sayısından alınmıştır.
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