Why Fund Manager Aniruddha Sarkar Is Big On SML Mahindra | Trucks, Buses & Growth Outlook

SML Mahindra has emerged as a key portfolio holding after Mahindra moved its trucks and buses business into the company. Aniruddha Sarkar, Co-founder & CIO, Equinova Investment Managers, remains bullish on the stock, saying the restructuring creates a dedicated vehicle for Mahindra’s commercial vehicle ambitions. SML Mahindra is also expected to launch electric buses, adding to its growth opportunity. Sarkar says the company could deliver decent returns over the medium to long term. He also highlights a strong allocation to auto and auto ancillary stocks, with a focus on commercial vehicles and electric two-wheelers as the industry shifts rapidly from internal combustion engines to EVs.