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M&M, Eicher Motors & More — Nirmal Bang's Top Stock Picks In Auto, Auto Ancillary Pack; Q1 Results Preview
M&M remains Nirmal Bang top bet in four-wheelers space and Eicher Motors in two-wheelers as the middleweight segment continues to grow.
11 Jul 2025, 08:10 AM IST 
Auto and ancillaries margins are expected to taper for OEMs as prices of steel and other precious metals have seen an increase; however, scale should offset the increase in raw material.
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Nirmal Bang remains positive on ASK Automotive, as the company continues to aggressively enter into collaborations with global leaders diversifying into higher CPV and margin products. The brokerage upgraded Suprajit to Buy, as we believe it would benefit in a world with trade barriers, due to its on-shore/far-shore blended manufacturing strategy.
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