Auto stocks tumbled up to 5% on Wednesday despite August sales data showing strong demand across segments, barring tractors. Brokerages highlighted the companies that outperformed their peers.
The analysts, however, noted that a key risk to watch will be if further price hikes impact demand, particularly in the mass-market segments, as inflation and interest rates also have an upward bias. Hero MotoCorp shares plunged 5%, while Eicher Motors shares dropped over 4%.
-copy-29e15046.jpeg?w=600)
