UBS prefers two-wheelers and CVs over passenger cars
In short
UBS India Research said it likes two-wheelers and commercial vehicles more than passenger cars. The note, shared in a CNBC TV18 Market summary, pointed to strong festive demand and rising commodity costs.
This matters because higher costs can squeeze auto profits. The report does not give target prices or say how long UBS expects the trend to last.
What the reporting says
UBS India Research said it prefers two-wheelers and commercial vehicles over passenger cars, citing strong festive demand and rising commodity costs that could pressure auto margins. The view came from CNBC TV18 Market’s publisher-supplied summary and names Pramod Kumar as the analyst. The immediate implication is a relative preference within autos; the reporting does not say how long the view will last or give target prices.
Why it matters
UBS India Research, through analyst Pramod Kumar, said it prefers two-wheelers and commercial vehicles over passenger cars in an auto call tied to strong festive demand and rising commodity costs. The source says margins could come under pressure, especially for passenger cars. The reporting does not provide ratings, targets, or timing, so the main takeaway is a relative sector preference within autos.