Auto stocks that analysts prefer ahead of June month sales data
Nomura India prefers Mahindra & Mahindra (M&M) due to strong model cycle tailwinds. It also likes Tata Motors and Ashok Leyland. Rising electrification and content per vehicle will be the key value drivers for suppliers, the brokerage added, as it prefers Sona Comstar, Minda Industries and Sansera in the ancillary space.