Axis Securities expects the automobile sector to report positive earnings for the second quarter of FY26, supported by improving domestic demand, the recent GST rate cut and festive season-driven purchases. The domestic brokerage said the tractor segment is likely to outperform two-wheelers (2Ws), passenger vehicles (PVs) and commercial vehicles (CVs), aided by favourable monsoon conditions and higher water reservoir levels, which are expected to lift rural sentiment. Advertisement

In its Q2 FY26 results preview for the select segment, Axis Securities said the recovery in export volumes is strengthening earnings visibility for FY26 and beyond. PV sales are likely to see improvement on a high base, with new SUV launches from select original equipment manufacturers (OEMs) expected to drive

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