Auto sales July 2022: Healthy demand seen in MHCV, PVs; M&M, Tata Motors and Ashok Leyland are Nomura's preferred picks
July Auto Sales 2022: Heavy commercial vehicles (MHCV) and passenger vehicles (PV) witnessed a healthy demand trend, while tractors sales saw a slowdown in July
Nomura was of the view that improvement in chip supplies will help restore supply with strong production. Source: PTI