Auto OEM’s Q2 earnings outpace India’s Jul-Sep GDP, but why are stocks still lacking vigour?

Despite outperforming both Nifty and India’s GDP growth in Q2FY25, listed auto OEMs experienced lackluster stock performance, falling up to 21%. Factors include uneven earnings, changing consumer preferences, interest rate cut delays, and demand normalization. Market analysts offer mixed recommendations on auto and ancillary stocks.