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Stocks To Buy: Nomura is bullish on auto firms with high EV exposure - Check top picks
CNBC-TV18 1 hr ago·13 Oct 2026, 7:10 am
Japanese brokerage Nomura has turned bullish on Indian auto companies with strong electric vehicle (EV) exposure. The firm believes these firms are well-positioned to benefit from the growing shift towards green mobility in India. This positive outlook suggests that investors may see renewed interest in the sector as the transition to EVs accelerates.
For Tata Motors, specifically, Nomura anticipates a potential increase in market share if its electric vehicle penetration grows faster than the industry average. However, the firm has assigned a 'neutral' rating to the stock. This rating implies that while the long-term outlook is positive, the current valuation may already reflect much of this potential growth.
Investors should keep a close watch on the pace of EV adoption in India and Tata Motors' specific delivery numbers. The company's ability to execute its EV strategy will be key in determining whether it can sustainably gain market share against its competitors.
Excerpt from CNBC-TV18
Published On Oct 13, 2026 | 12:40 IST Last Updated On Oct 13, 2026 | 12:40 IST Nomura issued buy ratings for high EV-exposure firms like Ather, M&M, and Hyundai, alongside suppliers Sona BLW and Exide, citing EV penetration as a crucial driver for future stock returns. Global Investment Banking firm, Nomura on…Read the original at CNBC-TV18
Affected stocks
Bullish1 stock
Bull / bear label is derived from the article's AI sentiment — indicative, not advice. Prices may be delayed.
Key takeaways
- Concerns Tata Motors (TMCV).
- Category: Stocks.
- AI reads the tone as positive (potentially bullish) for the stock.
- Assessed as a significant, market-relevant update.
Why it matters
A meaningful update for Tata Motors worth tracking. The tone is positive — historically associated with upward pressure, though not predictive. Use the price and stock snapshot to gauge how the market is responding.
