Indian Auto Stocks Rise on October Sales
Shares of Indian automakers rose after strong October vehicle sales signalled resilient festive demand. Analysts warned that rising input costs and inventory build-up could test future growth.
Insights:
India's auto stocks rose Monday morning after strong October vehicle sales signalled resilient festive demand, though sector participants pointed to inventory build-up risks. The Nifty Auto index closed 1.33% higher following the results.
