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Auto Stocks Edge Up as Industry Signals Strong Festival-Season Momentum
Auto stocks moved higher as improved demand, better financing access and strong model pipelines boosted sector sentiment following upbeat festival-season performance.
Automobile stocks traded higher today after fresh dealership channel checks indicated strong retail traction across two-wheeler, passenger vehicle and SUV categories. Improved financing availability, robust festival-season demand and new model launches contributed to sector-wide optimism. Analysts highlight that sustained order backlogs and better semiconductor supplies are supporting production stability. Market specialists also point to rising export interest in select OEMs, strengthening the overall growth narrative.
While valuations remain elevated in some pockets, earnings visibility stays constructive.