Best auto stocks to buy ahead of Diwali 2026: Nuvama bets big on Eicher Motors, Hyundai and Tata Motors PV - Here's why

Nuvama, a brokerage firm, has recommended investing in Eicher Motors, Hyundai, and Tata Motors' passenger vehicle business ahead of Diwali 2026. However, it expects growth to moderate in the second half of FY27. Early festive registrations show mixed trends: commercial vehicles and two-wheelers are up, while passenger vehicles are down.