New Delhi, Jan. 8 -- A sharp recovery in sales, a richer product mix, and stable commodity inflation, will help Indian automakers post a strong performance in the December quarter, analysts tracking the sector have forecast-projecting most companies will post double-digit net profit growth.
India is among the top global automobile markets with sub-sectors such as motorbikes and tractors the largest in the world by volume sales.
Based on their projection, two of three brokerages Mint has covered in this story said they favoured Maruti Suzuki, Eicher Motors, Bajaj Auto, and Mahindra & Mahindra based on the projected share performance.
Following a rationalisation of goods and service tax (GST) late in September, demand picked up across au...
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