FPI’s Bet On Auto Sector; Stock Prices Soar | Should You Buy?

Since the start of FY23, the Indian auto industry ... moreSince the start of FY23, the Indian auto industry has been booming, drawing attention and significant investment from both domestic and foreign companies. The Nifty Auto index, which has experienced a year-to-date gain of 11% and an outstanding 26% surge, stands out as a standout performer, supported by strong growth in each of its categories. The outlook for the industry has improved further as a result of a rebound in demand for two-wheelers and commercial vehicles, as well as changing customer preferences in the passenger vehicle market.