CLSA: Auto Stocks Could Drop 10-15% More, Presenting a Long-Term Opportunity

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Auto Stocks May Fall 10-15% More, But CLSA Sees Long-Term Opportunity

FILE - New cars wait for shipment in a parking lot partially covered by solar panels at the distribution center of Changan Auto, in southwest China's Chongqing Municipality on July 6, 2025. (Chinatopix via AP, File)

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CNBC TV18•20-03-2026, 09:52

Auto Stocks May Fall 10-15% More, But CLSA Sees Long-Term Opportunity

•CLSA cuts price targets and earnings estimates for major auto stocks including Maruti Suzuki, Tata Motors, and Bajaj Auto.
•Nifty Auto index corrected nearly 15% in three weeks due to West Asia crisis, supply chain hurdles, and commodity inflation.
•CLSA warns of potential 30-40% cuts to FY27 earnings if disruptions and high commodity prices persist for 2-3 months.
•Another 15% correction in auto stocks cannot be ruled out, similar to the 30-45% correction during the 2020 Covid-19 wave.
•Despite short-term risks, CLSA views a further correction as an attractive long-term buying opportunity, favoring M&M, Bajaj Auto, TVS Motor, Tata Motors PV, and Ashok Leyland.

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