Automobile Sector - Leading and Outperforming Companies (3)

As per the Auto Index chart, it is consolidating in a downward diagonal channel, but there are companies in auto sector, (industrywise) which may outperform due to their strong fundamentals.

In Automobile Sector - Leading Companies Industrywise

1. AshokLeyland (Commercial Vehicle)

2. Jamna Auto/Automotive Axles (Auto Ancillaries)

3. VSTTractors/ Escorts (Tractors)

4. Maruti (Cars)

5. Eicher Motors /Hero Motorcorp (Motorcycles)

They above listed have consistent profits, good growth and almost no debt.