No near-term boost likely for auto stocks from Expo 2023, say analysts

Analysts, however, believe investors may adopt 'buy on dips' strategy for the pack as overall sales growth is expected to remain steady going forward

Auto Expo 2023 may not trigger a fresh rally in automobile stocks, believe analysts, as this year's edition lacks participation from major listed players. Besides, the focus is on electric vehicles (EVs), a segment where four-wheelers have miniscule market share.

"Maruti Suzuki India and Tata Motors, within the passenger vehicle (PV) makers' segment, are the only listed players. Unveiling their new EV models may not support the stocks as PVs command bare minimum market share in the overall EV market," said AK Prabhakar, head of research at IDBI Capital.