Pravesh Gour, a senior technical analyst at Swastika Investmart, expressed that a robust Indian economy leads to higher spending power, which in turn boosts sectors like automotive, banking, and real estate. He noted that as people’s incomes grow, their expenditure on bikes and vehicles increases, contributing to the rising vehicle sales across various categories, including tractors and two-wheelers. He attributed this trend to a developing economy and higher disposable incomes, which are encouraging more investment in automobiles.
