InvestorQ : the EV is growing in India but there certain challenges that are stopping it. so will it be good to invest in automobile sector
PremKumar made post

the EV is growing in India but there certain challenges that are stopping it. so will it be good to invest in automobile sector

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divya Sing answered.
1 year ago
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Auto stocks may turn out to be the second most worst performing sector after metals. Auto Index has drastically fallen down by 5.52% due to declining sales. Around 12 components out of 16 of the BSE auto index has performed low.

Should you buy auto stocks? Auto sector is a very diverse field and there is not much that you can really do with a macro approach. For example, two-wheelers with a strong export franchise will be a beneficiary. Secondly, entry-level cars have been in the dumps and that could see a turnaround. One can look at stocks like Bajaj Auto and Eicher but it is essential to be stock specific in this space.

My top suggestions to invest in auto sector stock are;
Motherson Sumi
Apollo tyres
Jamna Auto Industries:
Balkrishna Industries:
Ashok Leyland:
Ceat
Bajaj Auto

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