Mahindra’s SUV blitz draws Nomura’s top-pick call while Bajaj’s EV gamble leaves limited upside

Mahindra & Mahindra's strong SUV bookings, driven by the XUV 7XO and XEV 9S, have led Nomura to name it their top auto pick. In contrast, Nomura maintains a neutral stance on Bajaj Auto's new electric scooter, favoring Ather Energy and TVS Motor for two-wheeler growth.