Automobile News: Invest in TVS Motors and Mahindra & Mahindra to Get Better Returns

Automobile News: August 2024 was very good for two automobile companies and according to Jefferies, the stocks of TVS Motors and Mahindra & Mahindra are expected to give good profits. According to Jefferies, these two companies will see a very strong volume growth in August 2024. 

Automobile Stocks Analysis

According to Jefferies’ estimates, the volume of the TVS’s two-wheeler segment will increase by about 9% year-on-year growth, and 6% month-on-month growth is also expected. This means that TVS will continue its momentum and strengthen its grip on the market. Talking about Mahindra and Mahindra, then 6% month-on-month growth is expected in the auto volumes of M&M’s for August 2024. In the same way, the volume of M&M’s for August 2024 is expected to increase by about 1% year-on-month growth.