Auto & Transport Roundup: Market Talk

The latest Market Talks covering the Auto and Transport sector. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.

0736 GMT – Hero MotoCorp’s outlook for vehicle demand appears to be robust, HDFC Securities analysts say in a research report. The Indian two-wheeler manufacturer indicated that demand continues to be sustained even after India’s festive season, the analysts note. This demand is supported by tailwinds including the government’s goods-and-services tax reductions, an ongoing traction on recent launches and a more active marriage season. Management expects the domestic two-wheeler industry’s sales volumes to grow 8%-10% in 2H FY 2026 and anticipates the company to outperform the industry. The brokerage raises the stock’s target price to INR7,145.00 from INR6,429.00, with an unchanged buy rating. Shares are 4.2% higher at INR5,763.75. (ronnie.harui@wsj.com)