Nomura: M&M, Hyundai, Sona Comstar to benefit from India's CAFE 3 norms

Mahindra & Mahindra, Hyundai India and auto component suppliers like Sona Comstar are poised to benefit from tighter CAFE 3 norms, which Nomura states will accelerate electrification in India's auto sector. The brokerage maintains a 'Buy' rating on Sona Comstar.