Auto Stocks Outlook: Record July Sales! Which Auto Stocks Could Lead The Next Big Rally?

India’s auto sector continued its strong momentum with record July passenger vehicle sales, reinforcing optimism ahead of the festive season. Strong demand across passenger vehicles, commercial vehicles, and EVs has kept the sector in focus. Kshitiz Mahajan, CEO - Complete Circle, believes the auto theme remains a long-term growth story driven by rising consumption, manufacturing, and exports. He prefers a diversified approach across the entire auto value chain, including OEMs, EV-focused companies, and auto component makers. Mahajan says investors should play the broader sector rather than rely on just one or two stocks.