Eicher Motors, TVS Motor, Maruti Suzuki, M&M shares among Elara's top auto picks; check targets

Elara's outlook comes as wholesale volumes for its covered original equipment manufacturers (OEMs) grew around 30 per cent year-on-year (YoY) for passenger vehicles (PVs), 19 per cent for two-wheelers (2Ws) and 31 per cent for commercial vehicles (CVs) in Q2 FY27, while tractors were relatively weak.