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Silver lining for two-wheelers, but investors should tread with caution

The two-wheeler numbers will need to be monitored closely since low momentum would trigger downgrades for stocks that have moved up in anticipation of outperformance

two wheeler bikes auto sales
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Devangshu Datta

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The auto industry sees the festive season as critical and this year, it seems two-wheelers and tractors will lead the way. 

At the wholesale level, two-wheelers have seen double-digit growth in anticipation of the festive season. This is despite an apparently weak start. However, Bajaj Auto, TVS Motor, Hero MotoCorp, and Royal Enfield wholesales have all exceeded expectations as original equipment manufacturers (OEMs) anticipate a pickup in October 2024. 

The two-wheeler numbers will need to be monitored closely since low momentum would trigger downgrades for stocks that have moved up in anticipation of outperformance.

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