The auto industry has been growing due to robust customer demand, rapid electric vehicle (EV) adoption and the growing interest around them, government incentives, and eased global supply chains. Moreover, the anticipated interest rate cuts by central banks around the world are expected to bolster the industry's expansion further.
Amid this backdrop, it could be wise to add fundamentally strong auto stocks, Hino Motors, Ltd. (HINOY), Renault SA (RNLSY), and Blue Bird Corporation (BLBD) to one’s watchlist.
