16 Sep 2025 | 5 Mins Read
Nomura sees M&M, Hyundai, TVS, and Ashok Leyland leading post-GST
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Nomura highlights six auto companies - Mahindra & Mahindra, Hyundai Motor India, TVS Motor, Ashok Leyland, Motherson Sumi, and CEAT - to benefit from India's GST rate cuts on automobiles. Policy action led to consumer interest, improved affordability, and brighter prospects for volume growth. Enquiries are up 15%, with festive sales expected to rise 15-20%.