Nomura retains 'Buy' on M&M, Hyundai India, Ather, TVS, Sona BLW as auto demand stays strong
Nomura expects auto demand to remain strong in September, with broad-based retail growth and recent price hikes having had no material impact on demand. However, growth is expected to taper from 2HFY27F as the industry enters a higher-base period, while rising commodity prices could add to input-co…