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Nomura Bullish On Auto Stocks With High EV Exposure
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CNBC TV18•13-10-2026, 12:40
Nomura Bullish On Auto Stocks With High EV Exposure
  • •Nomura remains bullish on auto companies with higher exposure to the Electric Vehicle segment for the near-term.
  • •Ather Energy, Mahindra & Mahindra, and Hyundai Motor India are highlighted as top OEM picks with a buy recommendation.
  • •Sona BLW Precision Forgings and Exide Industries are among the top supplier picks recommended by Nomura.
  • •CLSA also noted an attractive risk-reward opportunity in the auto sector after recent corrections in the Nifty Auto index.
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Key Questions Answered

Nomura highlighted Ather Energy, Mahindra & Mahindra, and Hyundai Motor India as its top OEM picks with a 'buy' recommendation based on rising electric vehicle penetration.

Within suppliers, Nomura issued 'buy' recommendations for Sona BLW Precision Forgings due to its higher EV powertrain content and Exide Industries following the commissioning of its NMC cell plant.

CLSA noted that the Nifty Auto index corrected around 17% over two months despite robust retail demand, resulting in compelling valuations as growth normalizes following GST rate cuts.

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