MOFSL, which met with around 15 foreign institutional investors in its Singapore roadshow last week said most of the institutional investors turned positive on the Indian automobile sector after the GST rate cuts. One key question lingering on the mind of most of the investors is whether the demand will sustain beyond the festive season or not, especially once discounts are curtailed. Advertisement

In the personal vehicle segment, MOFSL said investor interest was divided between Mahindra & Mahindra and Hero MotoCorp. A few investors were questioning if one should consider looking at TTMT PV after the correction. Within PV OEMs, most investors agree to the 'Buy' call on Maruti Suzuki India Ltd (MSIL) but were keen to monitor small car demand and momentum in its new launches.

"Quite a few

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