The Economic Times

Jefferies favours two-wheeler stocks over four-wheeler stocks as earnings gap widens

Jefferies prefers two-wheeler stocks over passenger vehicle makers, citing stronger volume growth, resilient margins and improving earnings. TVS Motor Company and Eicher Motors remain its top picks, while Tata Motors Passenger Vehicles and Hyundai Motor India carry Underperform ratings amid rising competition, higher discounts and a weaker earnings outlook.