M&M will continue to show the highest growth among passenger car makers led by ‘SUV-fication’ theme to continue working for the Thar maker.
But the key surprise to watch out for will be Maruti Suzuki. The company is expected to show mid-single growth despite a strong base year in November 2023. The average discounts by the company of roughly Rs 30,000 per car, along with the launch of the fourth-generation Dzire might translate into a good November for the company. They also mentioned in their quarterly conference call that inventory is now at 30 days, which is the minimum level maintained by the company.
Tata Motors Ltd. and the newly listed Hyundai Motor India Ltd. continue their flat to negative bias . Tata Motors launched both EV and petrol variants of Curvv, but they failed to enthuse the street.
