Slowdown in auto means opportunity in auto ancillary? Probably, yes. 6 auto ancillary stocks with an upside potential of up to 40%

If one looks at auto sector sales numbers, some segments are showing signs of a slowdown. November numbers were below expectations. It is not clear whether this was due to festive season sales coming early, or because, after three years of strong growth, there has been a moderation. There is another side to this story. In segments like two-wheelers, the slowdown could be the result of the EVs making inroads. We don’t know for certain yet, as these numbers are not released monthly. The bottom line...