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Auto Sector: Focus on auto shares increased after budget, know which shares are liked by veterans – Auto Sector Focus on Auto Stocks Increased after the Budget Know which which stocks are like by the bigwigs

Auto sector: After the budget, the auto sector has now come into the market focus. Actually, from next year, there will be no tax on up to 12 lakh annual income, but what is the auto connection? Let’s take a look. In the budget, it is possible to bounce 2-wheelers, cheap cars due to tax relief on annual income of up to 12 lakhs. Entry level EVS is also possible to boom in demand. The government also announced the 8th Pay Commission. If the recommendations are implemented, the salary of government employees may increase by 20-30%.

Jafaries on auto sector

Jafaries has said in its research report released on the auto sector that the income tax relief has brought great relief to the middle class. Tax relief will promote desirement consumption. According to Jafaries, it is possible to boom in demand for 2-wheelers, inexpensive cars. The 2-wheeler annual volume growth for FY25-27E is 13% possible. Car volume growth is 9% possible.

Jeffers on this sector Maruti Suzuki But has given the opinion of shopping and has given a target of Rs 15000 for this. There itself Tvs motor But has given the opinion of shopping with a target price of Rs 3050. There itself Eicher Motors Jafaries has given a by rating for a target price of Rs 6600. There itself Bajaj Auto Has given the opinion of shopping for a target of Rs 10550.

Goldman Sachs on auto companies

Goldman Sachs gave his opinion on auto companies, saying that the budget two-wheeler is positive for cheap affordable cars. Two-wheeler, affordable car will save on EMI. TVS Motor, Hero Motor, Eicher Motors, Bajaj Auto, MSIL Will benefit At the same time, it is possible to benefit Ashok Leyland from government capes.

Disclaimer: The ideas given on Moneycontrol.com have their own personal views. The website or management is not responsible for this. Money control advises users to seek the advice of certified experts before taking any investment decision.

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