Now Reading: Citi names Bajaj Auto top two-wheeler pick, Maruti top overall
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Citi names Bajaj Auto top two-wheeler pick, Maruti top overall
Citi has named Bajaj Auto as its top pick in the Indian two-wheeler segment, preferring it over TVS Motor and Endurance Technologies. The brokerage's broader pecking order for the auto sector places…
Citi has named Bajaj Auto as its top pick in the Indian two-wheeler segment, preferring it over TVS Motor and Endurance Technologies. The brokerage's broader pecking order for the auto sector places Maruti Suzuki first, followed by Eicher Motors and Mahindra & Mahindra.
Analyst at Citi said the three top picks are market leaders in their respective segments and are experiencing strong volume growth. The note did not specify target prices or rationale for the preference within the two-wheeler space.
Indian Opinion Analysis
Citi's ranking reflects a bet on segment leadership and scale. Maruti dominates small cars, Eicher (Royal Enfield) the premium motorcycle segment, and M&M the SUV and tractor space. Bajaj Auto has been gaining share in domestic motorcycles and exports, where TVS is also strong. The key question for investors is whether export recovery will sustain, Bajaj and TVS both rely heavily on Africa, Latin America and South Asia. Watch for monthly sales data from the industry body SIAM in the first week of next month to see if volume trends support Citi's call.
Source: ndtvprofit.com
This story was synthesised by AI from the source linked above.
