Elara's Top 4 Auto Picks for 2026: Maruti, M&M, Eicher, TVS Poised for Growth

• Elara Capital names Maruti Suzuki, Mahindra and Mahindra, Eicher Motors, and TVS Motor Company as its top auto picks for 2026, citing strong sector momentum post GST 2.0 reforms.
• Passenger vehicle and two-wheeler retail growth accelerated significantly to 18% and 17% respectively from September to December, up from 4% and 3% in April to August.
• Medium and heavy commercial vehicles, light commercial vehicles, and tractors also saw sharp growth, with rates of 11%, 19%, and 23.2% in the Sept-Dec period.
• Elara raised its FY26 growth estimates across segments, including 8% for passenger vehicles, 9% for two-wheelers, and 19% for tractors.
• Royal Enfield maintains strong retail momentum and market share gains, with a GST cut reviving Classic 350 volumes and projected 21% EBITDA growth for H2FY26.

Why It Matters: Elara Capital forecasts robust growth for the auto sector post GST 2.0, with Maruti, M&M, Eicher, and TVS as top picks.